Brazil Business Confidence


Brazil: Business confidence edges down in November

November 30, 2012

In November, the business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased a seasonally adjusted 0.8% over the previous month to 105.2 points. The reading reflected a decline in both the present situation index as well as in the expectations index. Despite the monthly fall, the index remains above the 100-point threshold, indicating that optimism prevails among businesses. Nevertheless, business confidence still remains below the post-crisis peak of 116.5 points recorded in March 2010.


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Brazil Business Confidence Chart

Brazil Business Confidence November 2012

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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