Business confidence was down in March according to the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas). The index decreased a seasonally-adjusted 2.3% over the previous month and now rests at 96.2 points, down from the 98.5 points tallied in February. As a result, the index moved even further below the 100-point threshold, which signals that businesses are more pessimistic than optimistic. Firms' more negative assessment of current business conditions was the main driver behind the decline. Their outlook on business in the coming months also decreased. LatinFocus Consensus Forecast participants see fixed investment expanding 2.9% in 2014, which is down 0.2 percentage points from last month's forecast. For 2015, panelists also expect fixed investment to expand 2.9%.
Brazil Business Confidence
Businesses confidence falls further into pessimistic territory in March
March 27, 2014
Looking for forecasts related to Business Confidence in Brazil? Download a sample report now.
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 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.