The business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) remained broadly unchanged in March, dropping a seasonally adjusted 0.1% to 112.4 points. The slight decrease was driven by a fall in the expectations sub-index, which reflected a less optimistic assessment of the economic situation for the next six months, as the monetary tightening implemented by the Central Bank since last December begins to affect business borrowing costs. However, the deterioration in the expectations component was broadly offset by an improvement in sentiment regarding the current economic situation. Despite three straight months of moderating confidence, business sentiment remains at historically high levels, standing only 3.0% below the post-crisis peak of 116.9 points recorded in the same month last year. That said, the index continues to hover above the 100-point threshold after breaking into optimistic territory in August 2009.
Brazil Business Confidence
Business remains broadly unchanged supporting continued investment growth
March 31, 2011
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Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
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.