Cement Energy Environment

34 1050 900 750 600 450 300 Real Household Disposable Income BRL bollion (12 month accum), seasonaly adjusted series. Source: IBGE, Central Bank, Caixa Economica, National Treasury, Ministry of Social Security Estimates by XP. Income from Labour Market Social Security Bene ts Social Protection Bene ts Government Emergency Aid 1019 2019 3019 4019 1020 2020 3020 4020 1021 2021 3021 4021 1022 2022 3022 4022 110 100 90 80 70 60 50 103 96 89 78 73 Con dence Indexes Seasonally adjusted series. Feb/20 = 100. Source: FGV. By. XP. Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 Consumer Services Industry Retail Construction Base = 100