Brazil Business Confidence September 2016

Brazil

Brazil: Business confidence hits 26-month high in September

Business sentiment improved in September, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator. The index increased a seasonally adjusted 2.4% over the previous month, rising from August’s 86.1 points to 88.2 points—the highest reading since July 2014. Despite the rise, the index remains below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGV, the result came on the back of firms less pessimistic views regarding the current and future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment falling 10.4% in 2016, which is up 1.3 percentage points from last month’s forecast. For 2017, panelists expect fixed investment to grow 2.0%.


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Brazil Business Confidence September 2016

Note: Index of business sentiment (seasonally adjusted). The 100-point threshold represents the point above which businesses expect economic conditions to improve.
Source: Getulio Vargas Foundation.


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