S\u00e3o Paulo \u2013 The Consumer Confidence Index (ICC), measured by the Federation of Commerce of the State of S\u00e3o Paulo (Fecomercio), hit a record-high level in late 2009. In December last year, the index reached 155.2 points, representing growth of 1.3% compared with November and of 22.2% compared with the same month of 2008.<\/p>\n
According to the Fecomercio, the record is due to improved employment and income, but also to a weak basis of comparison in 2008, when consumer mood was strongly affected by the international crisis. In December 2008, the ICC recorded 127 points.<\/p>\n
In the second half of 2009, the ICC showed a trend of gradual recovery of consumer confidence, which had been impacted by the crisis. Not including the months of August, during which it remained stable, and November, with a 0.7% reduction, the index recorded positive results in all other months in the second half.<\/p>\n
According to the Fecomercio, the combination of improved employment and income and the government\u2019s anti-crisis actions was a key factor in sustaining the growth of confidence.<\/p>\n
The ICC is comprised of two sub-indexes: the Index of Current Economic Conditions (ICEA) and the Consumer Expectation Index (IEC). The ICEA, which measures the short-term perceptions of consumers, recorded a 4.1% increase in December 2009, having reached 149.7 points.<\/p>\n
The Consumer Expectation Index (IEC), which measures consumers\u2019 medium- and long-term perception, however, had a slight reduction of 0.3% in December, having totalled 158.9 points.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The information was taken from a survey held by the Federation of Commerce of the State of S\u00e3o Paulo (Fecomercio). The index grew 1.3% from November to December and 22.2% compared with December 2008.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-33375","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The information was taken from a survey held by the Federation of Commerce of the State of S\u00e3o Paulo (Fecomercio). The index grew 1.3% from November to December and 22.2% compared with December 2008.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/33375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=33375"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/33375\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=33375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=33375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=33375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}