Brazil Household Consumption Intent Drops 21 Percent

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The National Confederation of Trade in Goods, Services and Tourism (CNC) reported yesterday, July 13th, that the Consumer Intention of Families was stable from June to July this year. However, compared to July 2015, there is a 21 percent decrease in the consumption intention of families across Brazil.

According to the CNC, consumer confidence remains low and the recovery will happen slowly, as households are still highly in debt. An earlier report from the CNC showed the percentage of indebted households fell to 58.7 percent in May 2016, an improvement . . .

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