Brazil Business Confidence

Brazil: Business confidence hits new record low in May

May 29, 2015

Business sentiment deteriorated further in May, 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 and now stands at 71.6 points, the lowest level since the index began in October 2005. In April, the index stood at 72.8 points, which had also marked a record low. As a result, 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 May regarding both the current economy and their expectations of the future 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, Lead Economist

Sample Report

Looking for forecasts related to Business Confidence in Brazil? Download a sample report now.

Download

Brazil Business Confidence Chart

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.

Brazil Economic News

Brazil: Real plunges to new record low in February

February 17, 2020

The Brazilian real continued its downward spiral in early February, hitting an all-time low of BRL 4.36 per USD on 12 February, marking an over 6.0% depreciation over the prior month.

Read more
Brazil: Economic activity declines at quickest pace in 10 months in December

February 14, 2020

Economic activity fell 0.3% in seasonally-adjusted month-on-month terms in December, contrasting November’s revised 0.1% increase (previously reported: +0.2% month-on-month) and missing expectations of a softer 0.2% drop. On an annual basis, economic activity rose 1.3% in December up from a downwardly revised 0.8% in November (previously reported: +1.1% year-on-year), while annual average growth in economic activity was stable at 0.9%. Looking ahead, economic output is expected to gain some impetus on the back of a looser monetary stance, which should in part fuel fixed investment.

Read more
Brazil: Retail sales fall in December

February 12, 2020

Retail sales, excluding cars and construction, fell 0.1% over the prior month on a seasonally-adjusted basis in December, contrasting November’s revised 0.7% increase (previously reported: +0.6% month-on-month).

Read more
Brazil: Real plunges to new record low in February

February 10, 2020

On 7 February, the Brazilian real fell to a fresh record low against the U.S. dollar, ending the day at 4.32 per USD, which marked a 6.2 depreciation over the same day in January.

Read more
Brazil: Inflation eases in January

February 10, 2020

Consumer prices increased 0.21% month-on-month in January, following December’s sharp 1.15% increase.

Read more

More news