In October, the business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) increased a seasonally adjusted 1.0% over the previous month to 106.0 points, the highest level recorded in 16 months. The reading reflected a rise in both the present situation index as well as in the expectations index. As a result of the monthly rise, the index moved further above the 100-point threshold, indicating improving optimism levels among businesses. Nevertheless, business confidence still remains below the post-crisis peak of 116.5 points recorded in March 2010.
Brazil Business Confidence
Business confidence rises to highest level in 16 months
October 29, 2012
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Brazil Business Confidence Chart
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.
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.