The city on the beach in Brazil

Brazil Business Confidence May 2020

Brazil: Business confidence improves in May, yet remains in pessimistic territory

The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence rose to 61.4 in May from April’s record low of 58.2. Thus, business sentiment in Brazil’s industrial sector improved somewhat over the previous month, yet it remained well below the 100-point threshold that separates optimism from pessimism among business.

May’s uptick largely reflected firms’ less pessimistic assessment of the future economic situation. Moreover, their view of the current economic conditions also turned slightly less negative.

Despite this month’s improvement in confidence, the outlook remains uncertain as surging numbers of Covid-19 cases and political tensions are likely to weigh on business sentiment in the near-term.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest