Brazil Business Confidence November 2017

Brazil

Brazil: Business confidence improves in November

November 29, 2017

Business sentiment in Brazil continued to climb in November, as it recovers from the lows of mid-2015. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index increased a seasonally-adjusted 3.0% from the previous month, rising to 98.3 points from 95.4 points in October. Nevertheless, the index remains below the 100-point threshold that separates pessimism from optimism among businesses.

According to FGV, the rise was driven by firms’ less pessimistic outlooks for the current and future economic situations.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 4.6% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect fixed investment to grow 5.8%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence November 2017

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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