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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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

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

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After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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