Pessimism: The Year 2023 Started With a Decline in the Consumer Confidence Index According to Data From the Getúlio Vargas Foundation

Written by Bruno Teles

Published on 25/01/2023 at 17:23

(Foto/divulgação)

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The Year Started with a Drop in Confidence in January. All Due to Pessimism Regarding the Coming Months, as Shown by FGV (Fundação Getúlio Vargas) Data Released on the Morning of January 25.

However, the ICC (Consumer Confidence Index) from Fundação Getúlio Vargas saw a decrease of 2.2 points, reaching about 85.8 points. The coordinator of the surveys, Viviane Seda Bittencourt, stated: ” The result reflects pessimism regarding the coming months, although lower-income families remain optimistic”.

In addition, she added: “The perception of the current situation does not change much compared to previous months, meaning there is a slowdown in the labor market, high levels of debt, and elevated interest rates continue to depress purchasing intentions in the coming months”.

Initially, the ISA (Current Situation Index) rose slightly from 70.9 in December 2022 to 71.1 in January. Meanwhile, the IE (Expectation Index) fell by 3.6 points to 96.7 points, returning to a level below neutrality.

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Learn More About the Consumer Confidence Index

For those who are not familiar with the Consumer Confidence Index, it consists of a series of data indicated and calculated by economic institutes that can measure consumers’ willingness to buy and even demand services from the market in the future. Thus, the most important indicators for conducting any market analysis are referred to as the Consumer Confidence Index.

Therefore, the data collected in the analysis of the Consumer Confidence Index is often published on websites and even in newspapers that discuss economics. Thus, understanding its significance can be essential for any evaluation of the macroeconomic situation of the country.

In this way, when the topic of Consumer Confidence is discussed, it refers to the index measured by Fundação Getúlio Vargas (FGV). The collected data is presented monthly and is measured in the first three weeks of the month. This research was inspired by expectation data from Europe, particularly from the USA, where it is considered very important when it comes to defining economic policies.

Pessimism: The Year 2023 Started With a Decline in the Consumer Confidence Index According to Data From the Getúlio Vargas Foundation

The Year Started with a Drop in Confidence in January. All Due to Pessimism Regarding the Coming Months, as Shown by FGV (Fundação Getúlio Vargas) Data Released on the Morning of January 25.

Learn More About the Consumer Confidence Index

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The United States purchased for $125 million a ship that Shell used for drilling oil in the Arctic, spent another $25 million refurbishing it, and renamed it Storis because the largest economy on the planet can no longer build an icebreaker on its own.

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Pessimism: The Year 2023 Started With a Decline in the Consumer Confidence Index According to Data From the Getúlio Vargas Foundation

The Year Started with a Drop in Confidence in January. All Due to Pessimism Regarding the Coming Months, as Shown by FGV (Fundação Getúlio Vargas) Data Released on the Morning of January 25.

Learn More About the Consumer Confidence Index

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

The United States purchased for $125 million a ship that Shell used for drilling oil in the Arctic, spent another $25 million refurbishing it, and renamed it Storis because the largest economy on the planet can no longer build an icebreaker on its own.

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American donated US$ 5,000 to a Chinese farmer to plant trees in the desert, and decades later the money turned into a forest with more than 50,000 trees.

The United States purchased for $125 million a ship that Shell used for drilling oil in the Arctic, spent another $25 million refurbishing it, and renamed it Storis because the largest economy on the planet can no longer build an icebreaker on its own.

Carnivorous dinosaur in China left footprints at just 1 km/h and surprised researchers in the field with more than 5,000 tracks preserved for over 100 million years.

The largest car carrier ship in the world will unload 7,200 BYD cars at the SC Port in June, but before that, an Italian ship will arrive this Tuesday with another 4,500 vehicles, totaling 11,700 cars, 150 workers, and a 24-hour non-stop operation at the Port of Itajaí.

African country launched a $145 million project to rehabilitate 35 dams and drill deep wells seeking water stored for millennia beneath the desert, a plan that Captain Ibrahim Traoré’s government presents as a path to the country’s water sovereignty.