Brazil Business Confidence

Brazil

Brazil: Business confidence hits new record low in August

August 31, 2015

Business sentiment fell in August, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index decreased a seasonally-adjusted 1.6% over the previous month, falling from July’s 69.1 points to 68 points. August’s figure marked the lowest level since the index began in October 2005. The index remains far below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGB, firms were more pessimistic in August regarding their expectations of the current and future economic situation.

LatinFocus Consensus Forecast participants see fixed investment falling 6.3% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, panelists expect fixed investment to expand 1.9%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart


Brazil Business Confidence August 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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