Brazil: Business confidence hits highest reading since November 2021 in June
The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 101.2 in June, up from May’s 99.7. June’s result marked the strongest sentiment since November 2021. As a result, the index broke through the 100-point threshold, indicating optimism among businesses.
The uptick came on the back of an improvement in firms’ assessments of the future economic situation.