Brazil Business Confidence


Brazil: Business confidence hits seven-month high in January

January 28, 2015

Business sentiment rose in January, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index increased a seasonally-adjusted 1.9% over the previous month and now stands at 85.9 points, which is up from the 84.3 points tallied in December. January’s result marked a seven-month high. As a result, the index is closer to the 100-point threshold that signals that businesses are more pessimistic than optimistic.

Firms were more optimistic regarding their expectations of the current and future situation of the economy.

LatinFocus Consensus Forecast participants see fixed investment expanding 0.4% in 2015, which is down 0.6 percentage points from last month’s forecast. For 2016, panelists expect fixed investment to expand 3.2%.

Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart

Brazil Business Confidence January 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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