Brazil Business Confidence March 2018

Brazil

Brazil: Business confidence hits over four-year high in March

March 30, 2018

Business sentiment in Brazil jumped in March, moving higher into optimistic territory. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rose from 100.4 points in February to 102.1 points in March, the best result since June 2013. The index thus lies above the 100-point threshold that separates optimism from pessimism among businesses.

According to FGV, firms were more optimistic on both the current and future economic situations in March.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 5.2% in 2018, which is up 0.3 percentage points from last month’s forecast. For 2019, panelists expect fixed investment to grow 6.4%.


Author: Angela Bouzanis, Lead Economist

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Brazil Business Confidence Chart


Brazil Business Confidence March 2018

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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