Brazil Business Confidence


Business confidence climbs up again in January

In January, the business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) inched up a seasonally adjusted 0.1% over the previous month to 106.5 points, which represents the highest level observed in 19 months. The reading reflected a rise in the present situation index, whereas the expectations index retreated in January.

Consequently, the index remains above the 100-point threshold, indicating that optimism prevails among businesses. Nevertheless, business confidence still remains below the post-crisis peak of 116.5 points recorded in March 2010.


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Brazil Business Confidence Chart

Brazil Business Confidence January 2013

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.

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