The index of business confidence published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) increased a seasonally adjusted 1.6% over November to reach 114.5 points in December. The improvement in business confidence was mainly driven by a more optimistic assessment of the economic situation over the next six months, with the sub-index rising 1.9% to 112.8 points in December. Similarly, businesses were also more upbeat about the current economic situation, with the sub-index increasing 1.3% to 116.2 points in December. Business confidence has remained above the 100-point threshold that separates optimism from pessimism since August 2009. At the current level, confidence is 1.0% higher than in the same month last year and oscillates around pre-crisis levels. Optimism in the business community has been crucial for the recovery of investment, which has constituted an important growth driver since the second quarter of 2009.
Brazil Business Confidence
Business sentiment recovers in December
December 30, 2010
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Brazil Economic News
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.
September 28, 2016
Business sentiment improved in September, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator.