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Brazil Business Confidence January 2020

Brazil: Business confidence crosses into optimistic territory for first time in over a year and a half

Business sentiment in Brazil’s industrial sector improved in January with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence index increasing to 100.5 points from December’s 99.4 points. The result marked an over one-and-a-half year high and notched in just above the 100-point threshold that separates optimism from pessimism among Brazilian companies.

Business confidence improved across the board, as firms were slightly less pessimistic about the current economic situation while their outlook on future economic conditions turned upbeat.

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