Brazil: Business confidence edges up in November
November 30, 2016
Business sentiment rose in November, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator. The index increased a seasonally adjusted 0.5% from the previous month, rising from October’s 86.6 points to 87.0 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’ less pessimistic views regarding the current and future economic situation.