Brazil Business Confidence

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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.

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

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Brazil Business Confidence Chart


Brazil Business Confidence February 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.


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