Brazil: Business confidence hits 26-month high in September
September 28, 2016
Business sentiment improved in September, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator. The index increased a seasonally adjusted 2.4% over the previous month, rising from August’s 86.1 points to 88.2 points—the highest reading since July 2014. Despite the rise, 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.