Brazil Business Confidence December 2020

Brazil

Brazil: Business confidence hits over decade-high in December

December 28, 2020

The Getulio Vargas Foundation’s (FGV, Fundação Getúlio Vargas) industrial business confidence index rose to 114.9 in December from November's 113.1 and marked the best reading since June 2010. As such, the index moved further above the 100-point threshold, indicating optimism among businesses.

The headline print reflected both an improvement in firms’ views of the current economic situation and of the future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment expanding 5.2% in 2021, which is down 0.3 percentage points from last month’s forecast, and 4.3% in 2022.


Author:, Economist

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Brazil Business Confidence Chart


Brazil Business Confidence December 20 20

Note: Index of industry business sentiment (seasonally adjusted). Readings above the 100-point threshold indicates businesses expect economic conditions to improve.
Source: Getulio Vargas Foundation.


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