Brazil Business Confidence


Brazil: Business confidence in free fall, hits lowest level in over five years

July 30, 2014

Business sentiment fell for the seventh consecutive month in July, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index dropped a seasonally-adjusted 3.2% over the previous month and now rests at 84.4 points, which is down from the 87.2 points tallied in June and marked the lowest level since April 2009. The index is now even further below the 100-point threshold, which signals that businesses are more pessimistic than optimistic.

Firms were markedly more pessimistic regarding both the current and the future situation of the economy as both components of the index continued to fall in July.

LatinFocus Consensus Forecast participants see fixed investment expanding 1.0% in 2014, which is down 1.7 percentage points from last month’s forecast. For 2015, panelists expect fixed investment to expand 2.3%.


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Brazil Business Confidence Chart

Brazil Business Confidence July 2014

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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