Brazil Business Confidence

Brazil

Brazil: Business confidence hits five-month high in November

November 27, 2014

Business sentiment increased in November reaching a five month high, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index rose a seasonally-adjusted 3.6% over the previous month and now stands at 85.6 points, which is up from the 82.6 points tallied in October. However, the index still rests below the 100-point threshold, which signals that businesses are more pessimistic than optimistic.

Firms were significantly more optimistic regarding their expectations of the current situation of the economy. However, business sentiment toward the future situation of the economy declined.

LatinFocus Consensus Forecast participants see fixed investment expanding 6.0% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect fixed investment to expand 1.4%, which is also unchanged from last month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart


Brazil Business Confidence November 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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