Brazil Business Confidence March 2019


Brazil: Business confidence drops in March

April 1, 2019

Business sentiment in Brazil weakened at the end of Q1, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 97.2 points from 99.0 points in March. The index lies below the 100-point threshold and signals pessimism among firms.

According to the FGV, the deterioration was broad-based, with firms’ assessing both the current and future economic situation more weakly.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 5.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect fixed investment to grow 5.2%.

Author: Angela Bouzanis, Lead Economist

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Brazil Business Confidence Chart

Brazil Business Confidence March 2019

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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