The business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased a seasonally adjusted 0.3% over January to 112.5 points in February. The moderation reflected a less optimistic assessment of the economic situation for the next six months, as the Central Bank tightened the reins in January, which will translate into higher borrowing costs for businesses going forward. Moreover, sentiment regarding the current economic situation remained flat over the previous month. The drop in February has business confidence returning to the level observed in November 2009. That said, the index continues to hover above the 100-point threshold after breaking through the optimism barrier in August 2009.
Brazil Business Confidence
Business confidence moderates further in February
February 28, 2011
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Brazil Economic News
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.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.