Brazil Business Confidence June 2019

Brazil

Brazil: Business confidence drops to six-month low in June

June 28, 2019

Business sentiment in Brazil deteriorated again in June, falling to the lowest level since December 2018. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index fell to 95.7 points in June from 97.2 points in May. The index lies below the 100-point threshold and signals pessimism among firms.

According to the FGV, the deterioration was driven by firms more pessimistic assessments of both the current and future economic situations.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 2.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect fixed investment to grow 5.0%.


Author: Angela Bouzanis, Lead Economist

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Brazil Business Confidence Chart


Brazil Business Confidence June 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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