Panel SA: Brazilian consumer confidence rises, but pessimism still remains

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Panel SA: Brazilian consumer confidence rises, but pessimism still remains

Although it has reached the highest level since the beginning of the pandemic, the ACSP (Commercial Association of São Paulo) indicator that measures Brazilian consumer confidence remains in the pessimistic field.

The index reached 91 points in April, following the growth trend recorded since May last year, when the level dropped to 76 points – the lowest since Covid arrived in Brazil. However, it still remains below half of the 200 equivalent to the maximum score.

According to the entity, the result shows that the consumer is still cautious when shopping due to the scenario of inflation, interest and indebtedness. But there is a spirit with the end of the restrictions of the pandemic and the release of resources such as the FGTS and Auxílio Brasil.

Among those interviewed, 45% said they had a negative perception of their financial situation, which reduces their willingness to buy more expensive items, such as a car, house and refrigerator.

In this month’s survey, prepared by Pinion, the North and Midwest were the most confident regions, surpassing 100 points in the index. At the other end, the Northeast appears with 78 points, according to the survey carried out with 1,676 Brazilians.

Joana Cunha with Andressa Motter and Paulo Ricardo Martins

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