Brazil: Business confidence hits four-month low in February
March 5, 2015
Business sentiment fell in February, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index decreased a seasonally-adjusted 3.4% over the previous month and now stands at 83.0 points, which is down from the 85.9 points tallied in January. February’s result marks a four-month low. As a result, the index is further from the 100-point threshold that signals that businesses are more pessimistic than optimistic.
According to FGB, firms were more pessimistic in February regarding their expectations of the current and future situation of the economy.