Brazil Business Confidence

Brazil

Brazil: Business confidence falls to lowest level in over five years

June 30, 2014

Business sentiment fell again in June according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index dropped a seasonally-adjusted 3.9% over the previous month and now rests at 87.2 points, which is down from the 90.7 points tallied in May and marks the lowest level since May 2009. The index is now even further below the 100-point threshold, which signals that businesses are more pessimistic than optimistic.

Firms were markedly more pessimistic regarding both the current and the future situation of the economy as both components of the index fell to the lowest levels since May 2009.

LatinFocus Consensus Forecast participants see fixed investment expanding 1.7% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect fixed investment to expand 2.9%.


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Brazil Business Confidence June 2014

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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