Brazil Business Confidence


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

March 31, 2015

Business sentiment fell in March, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index decreased a seasonally-adjusted 9.2% over the previous month and now stands at 75.4 points, which is down from the 83.0 points tallied in February. March’s result marks the lowest level since January 2009. As a result, the index is further down from the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGB, firms were more pessimistic in March regarding their expectations of the current and future situation of the economy.

LatinFocus Consensus Forecast participants see fixed investment falling 3.9% in 2015, which is down 1.4 percentage points from last month’s forecast. For 2016, panelists expect fixed investment to expand 3.2%.

Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Business Confidence in Brazil? Download a sample report now.


Brazil Business Confidence Chart

Brazil Business Confidence March 2015

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.

Brazil Economic News

More news

Search form