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.