Brazil: Business confidence improves in August
August 29, 2017
Business sentiment rose month-on-month in August as it continues its recovery from the lows of mid-2015. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index increased a seasonally-adjusted 1.5% from the previous month, rising to 92.2 points from 90.8 points in July. Nevertheless, the index remains below the 100-point threshold that separates pessimism from optimism among businesses.
According to FGV, the rise was driven by decreased pessimism reported by businesses regarding both their current and future economic situations.
Author: Edward Gardner, Economist