Brazil: Business confidence improves slightly in March
March 31, 2016
Business sentiment improved in March, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index increased a seasonally adjusted 0.5% over the previous month, rising from February’s 74.7 points to 75.1 points. February’s result had marked the lowest reading in five months. Despite the rise, the index remains far below the 100-point threshold and signals that businesses are more pessimistic than optimistic.
According to FGV, firms were less pessimistic in March regarding the current economic situations. However, firms were more pessimistic regarding the future economic situation.