Brazil: Industrial business sentiment drops in October
Latest reading: The seasonally adjusted industrial business confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) fell to 89.8 in October, following September’s 90.5. As such, the index fell further below the 100-point threshold, signaling deeper pessimism among industrial firms.
In October, firms grew more pessimistic about expectations for the coming months (+85.4 vs +86.1 in September) and the current situation (+94.2 vs +95.0 in September).