Brazilians confidence is 4th highest of the world
Folha de S. Paulo
The confidence of the Brazilian consumer is one those that increased the most in the world between March and June, cooperating for the increase of the global index. With the progress, the confidence index of Brazil is the fourth highest on a list of 28 countries - it was the seventh in the prior survey. The confidence index of the Brazilian people has increased eight points from the first to the second quarter, to 96 points. Only Asian countries like India, Japan and South Korea had greater increases.
This leap also allowed Brazil to stay behind only of Indonesia, India and the Philippines in the list of the most confident consumers, according to the Nielsen survey. In spite of that, the grade of the country did not recover the losses suffered in the previous survey, when it fell 15 points. For Jonathan Banks, Nielsen's Officer, one of the reasons that explain the growth in the confidence of the Brazilian consumer is the high in the financial markets (the Bovespa index went 37% up in the first half of this year).
In the world total, the confidence index remained at 82 points last month, in view of the 77 points in March (the lowest mark in the history of the survey). Such increase, affirms Banks, is one of the "strongest indications of global consensus among the consumers that the worse has already gone and that, finally, there is light in the end of the tunnel". Another positive signal of the survey is that 71% of the 14 thousand people interviewed said their country is in recession, a decrease of six percentage points in relation to the survey made in March.
The increase happened at a moment in which the debates on the signs of recovery of the global economy (the so-called "green sprouts") from the worst crisis in 60 years have intensified. The GDP of Asian countries (in which confidence has grown more), such as China, South Korea and Singapore, indicates the worse of the crisis has already passed - in the United kingdom, for example, the economy continued shrinking in the second quarter.