Brazil Business Confidence


Business confidence rises to highest level in 20 months

In February, 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 106.6 points, which represents the highest level observed since June 2011. The reading reflected a rise in the expectations index, whereas the present situation index fell back in February.

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.

LatinFocus Consensus Forecast participants see fixed investment expanding 4.8% in 2013, which is down 0.3 percentage points from last month's forecast. For 2014, panellists expect fixed investment growth to accelerate to a 6.3% expansion.


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Brazil Business Confidence Chart

Brazil Business Confidence February 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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