RIO DE JANEIRO, BRAZIL - According to the National Accounts by Institutional Sector report, published by the Central Bank on October 6, household disposable resources increased by 21% year-on-year, while spending grew by 33.3%.
This led to an increase of 14.7 percentage points (pp) in income over the first quarter and of 24.5 pp in consumption.
The extension of the Emergency Family Income (IFE) - which at the time had not yet reflected its extended nature, effective in the July payment - and the new middle class bonus granted by the government were the driving forces behind the . . .