Brazil Business Confidence March 2017

Brazil

Brazil: Business confidence hits almost three-year high in March

March 29, 2017

Business sentiment rose in March, climbing to its highest level in nearly three years. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index increased a seasonally adjusted 3.3% from the previous month, rising from February’s 87.8 points to 90.7 points. Despite the rise, the index still remains below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGV, the result came as firms grew less pessimistic regarding their expectations for the current and future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment growing 1.9% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists expect fixed investment to grow 6.2%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence March 2017

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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