Brazil: Business confidence improves in October
October 29, 2014
Business sentiment increased in October for the first time in 10 months, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index rose a seasonally-adjusted 1.8% over the previous month and now rests at 82.6 points, which is up from the 81.1 points tallied in September. However, the index still rests below the 100-point threshold, which signals that businesses are more pessimistic than optimistic.
Firms were significantly more optimistic regarding their expectations of the future situation of the economy. However, business sentiment toward the current situation of the economy fell to the lowest level since February 2009.