Brazil Business Confidence June 2016

Brazil

Brazil: Business confidence continues to improve in June

June 28, 2016

Business sentiment improved in June, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index increased a seasonally adjusted 5.3% over the previous month, rising from May’s 79.2 points to 83.4 points. June’s result marked the highest reading since February 2015. Despite the rise, the index remains far below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGV, firms were notably less pessimistic in June regarding the current and future economic situation. The index tracking sentiment about the current economic situation rose to 81.2 points, above May’s 80.5. Businesses’ confidence in their future economic situation experienced an even sharper increase rising from the 78.2 points recorded in May to 85.7.

Panelists surveyed for this month’s LatinFocus report see fixed investment falling 12.0% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, panelists expect fixed investment to grow 1.3%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence June 2016 0

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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