Brazil Business Confidence


Business confidence drops for seventh straight month

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.


Sample Report

Looking for forecasts related to Business Confidence in Brazil? Download a sample report now.


Brazil Economic News

More news

Search form