Brazil Business Confidence October 2018

Brazil

Brazil: Business confidence drops in election month

October 31, 2018

Business sentiment in Brazil weakened at the start of the fourth quarter, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 94.1 points in October from 96.1 points in September. As a result, the index is now further below the 100-point threshold and businesses expect economic conditions to deteriorate.

According to the FGV, the deterioration was driven by more downbeat outlooks on both the current and future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 4.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect fixed investment to grow 4.8%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence October 2018

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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