The business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) deteriorated in July, declining a seasonally adjusted 2.0% to 105.0 points. The decrease reflected a drop in the expectations index (-3.7% month-on-month), while the present situation index edged down 0.3% mom. Despite seven consecutive months of moderating confidence among businesses, sentiment has remained at elevated levels since August 2009, hovering above the 100-point threshold that separates optimism from pessimism. Moreover, the index is just 9.9% below the post-crisis peak of 116.5 points tallied in March last year. The prevailing optimism in the business community is likely to support investment growth going forward.
Brazil Business Confidence
Business confidence drops for seventh straight month
July 29, 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.