Brazil Business Confidence October 2016


Brazil: Business confidence edges down from 26-month high in October

October 28, 2016

Business sentiment in Brazil fell in October, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator. The index decreased a seasonally adjusted 1.8% from the previous month, falling from September’s over two-year high of 88.2 points to 86.6 points. The index remains below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGV, the result came on the back of firms’ more pessimistic views regarding the current and future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment falling 9.9% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect fixed investment to grow 2.7%, which is also unchanged from the previous month’s forecast.

Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart

Brazil Business Confidence October 2016

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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