The business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) deteriorated in April, dropping a seasonally adjusted 1.1% to 111.2 points. The decrease was driven by a fall in the expectations sub-index, reflecting a less optimistic assessment of the economic situation for the next six months, as the monetary tightening currently implemented by the Central Bank affects the outlook for the business community through higher borrowing costs. In contrast, sentiment regarding the current economic situation improved slightly in April. Despite four consecutive months of moderating confidence, business sentiment remains at historically high levels, standing only 4.5% below the post-crisis peak of 116.9 points recorded in March last year. Since breaking into optimistic territory in August 2009, the index has hovered above the 100-point threshold.
Brazil Business Confidence
Business confidence moderates for a fourth consecutive month in April
April 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.