Brazil Business Confidence November 2021

Brazil

Brazil: Industrial business confidence falls for fourth month running in November

November 26, 2021

The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 102.1 in November, down from 105.2 in October. While the reading was the lowest since August 2020, the index still remained above the 100-point threshold, indicating optimism among businesses.

November’s moderation reflected a deterioration in firms' views of the current economic situation, while their perception of the future economic situation also turned less optimistic.

Panelists surveyed for this month’s LatinFocus report see fixed investment expanding 0.6% in 2022, which is down 1.2 percentage points from last month’s forecast, and 2.6% in 2023.


Author:, Economist

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Brazil Business Confidence November 2021 0

Note: Index of industrial business sentiment (seasonally adjusted). Readings above the 100-point threshold indicate businesses expect economic conditions to improve.
Source: Getulio Vargas Foundation.


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