Brazil: Business confidence improves at the start of 2016
January 28, 2016
Business sentiment improved in January according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index increased a seasonally adjusted 3.4% over the previous month, rising from December’s 75.4 points to 78.0 points. January’s result marked the highest reading in 10 months. Despite the improvement, the index remains far below the 100-point threshold and signals that businesses are more pessimistic than optimistic.
According to FGV, firms were less pessimistic in January regarding their expectations for the current and future economic situations.
The FGV reviews the historical data for the index every January. Changes in historical values are due to their revision.