FGTS withdrawal authorization and the possibility of approving the Pension Reform, contribute to the optimism index
The authorization to withdraw from the Government Severance Indemnity Fund (FGTS) and the Pension Reform made the optimism index of supermarket entrepreneurs reach 43% in relation to the State Government, and 57% in relation to the Federal Government. That is, the current political scenario in Brazil is positive to more than 70% of the supermarkets according to the Supermarket Confidence Survey in the State of São Paulo.
In addition to the withdrawal from the FGTS, the pension reform approved by the Brazilian Congress, directly contribute with these numbers, while these managers’ pessimism and neutrality are respectively, 29% and 21%.
Until June, the scenario shows an increase of 12 percentage points, growing from 23% to 35%. “What satisfies the entrepreneurs the most is the stable growth of the Gross Domestic Product (GDP), just like the market, which has an equal or lower variation in comparison to 2018″, says the APAS (Associação Paulista de Supermercados) economist, Thiago Berka.
Supermarket Confidence Survey in the State of São Paulo (PCS/APAS) is carried out by APAS every month, with data collected from supermarket entrepreneurs, who represent 85% of the industry’s revenue. The goal is to identify the industry leaders’ confidence level in relation to the macroeconomic scenario in the State of São Paulo.
The collected data are segmented for Overall Result, Actual Perception, and Future Expectations. This way, the entrepreneurs can be more assertive in the decision-making regarding re-stocking, investing, buying, inventory, among other data.