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.