Household Consumption Intention (ICF) reached 91.2 points in January, an increase of 1.3% compared to the previous month and the highest level since April 2020, shortly after the start of the covid-19 pandemic. The data were released today (31) by the National Confederation of Trade in Goods, Services and Tourism (CNC).
The survey points out that consumers with income of up to ten minimum wages are more willing to spend, with an increase of 1.9% in the intention of consumption in relation to December and of 25.7% in the annual variation.
According to the CNC, the optimism reflects the expansion of the government’s income transfer program, with a minimum payment of R$ 600 and an increase of R$ 150 per child up to six years old.
On the other hand, families that receive more than ten monthly minimum wages intend to reduce consumption, with a 1% drop in intention. The CNC points out as reasons for pessimism the increase in the price of services in general, the professional perspective and more difficult access to credit.
The consumption perspective was the item that grew the most in the monthly comparison, with an increase of 2.7%, due to the cooling of inflation. In the annual comparison, the ICF rose 23.1% in January, with emphasis on the 25.1% increase in the professional perspective index.
As for satisfaction with current income, there was an increase of 2% in the indicator in January, compared to December. Compared to January 2022, the increase was 31.8%. Among those interviewed, 39% said they received the same amount as last year, 35% reported an improvement in their income and 25.6% said that their income had worsened.
The proportion of indebtedness in 2022 grew more in the highest income group, but the ICF remains optimistic for this range, with 107.7 points, an annual variation of 15.1%.
In the breakdown by gender, among women the consumption intention rose 3.3% in the monthly comparison and 26% in the variation, remaining at 91.4 points, still in the dissatisfaction zone. For men, the ICF was 96.2 points, an increase of 2.7% compared to December and 23.1% compared to January 2022.