The business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) deteriorated in May, dropping a seasonally adjusted 1.2% to 109.9 points. The decrease reflected falling optimism regarding the current economic state of affairs in the country as well as future expectations. Despite five consecutive months of moderating confidence among businesses, the sentiment remains at historically high levels, standing only 5.7% below the post-crisis peak of 116.5 points recorded in March last year. Since breaking into optimistic territory in August 2009, the index has hovered above the 100-point threshold that separates optimism from pessimism. High levels of optimism in the business community are likely to support investment growth going forward.
Brazil Business Confidence
Business confidence declines for a fifth straight month in May
May 31, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.