Most sectors still wait for the fog and uncertainty about the economy to recede before resuming plans.
Most sectors are more optimistic about the future, but still assessing next steps with caution.
In a quarter marked by one-off events, there is a perception that the recovery has lost steam from May onwards.
Anecdotal information suggest continuation of recover, but the balance of risks is tilted towards disappointment.
Several sectors report substantial improvements in sales in the last 6 months.
Companies are focusing efforts on reducing indebtedness levels.
Most manufacturing-related segments point to a rebound in production.
Most consumer-related segments indicate that sales continued to shrink. Production costs are becoming less of a concern.
In our view, weak economic activity data and fundamentals suggest that difficulties will continue ahead.
The Brazilian economy continues to weaken, and the recession has been spreading to more sectors and regions of the country.
The weakening trend in the Brazilian economy seems to have steepened at the end of the first half.
The recent weakening trend demand seems to have steepened in March and April.
The weakening trend in consumption observed in the second half of 2014 seems to have worsened at the beginning of this year.
The recovery in consumption has been proving short-lived in most sectors.
The weakening of consumption in Brazil during the first half sharpened between June and August.
The weakening of consumption is becoming more widespread and more intense.
The divergence in trends between the durable and non-durable consumer goods sectors has continued in recent months
Spending on goods and services is slowing down as demand becomes increasingly selective.
Business confidence remains subdued.
Segments related to consumer spending continue in the slowdown process observed since May.
After a strong beginning of the year, many consumer good and service segments registered a deceleration in April and May.
This report summarizes anecdotal information on current economic conditions.
The recovery of the Brazilian economy is moderate and heterogeneous. Consumer spending continues to expand.
Anecdotal information on current economic conditions received from key business contacts.
A qualitative analysis of the Brazilian economy and its sectors. With information through June 15, 2012