Brazilian consumer confidence up 1.4% in April, say CNI

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The National Consumer Expectation Gauge (INEC) rose 1.4% in April from March according to the National Confederation of Industry (CNI), reaching 103.4 points after retreating in the previous measure.

In relation to April 2016, there was an increase of 6.1% when the indicator was at 97.5 points.

The improvement of the monthly INEC is due to the prospect of falling inflation, improving employment and personal income and debt expectations for the next six month. In contrast, prospects regarding large household purchases deteriorated.

The INEC is conducted in partnership with Ibope, surveying 2,002 people in 143 cities, between 7 April to 11 April.

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