Brazil: Business confidence in October inches up from September's record low
October 30, 2015
Business sentiment rose slightly in October, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index increased a seasonally-adjusted 2.3% over the previous month, rising from September’s 66.0 points to 67.5 points. September’s figure had marked the lowest level since the index began in October 2005. Despite the increase, the index remains far below the 100-point threshold that signals that businesses are more pessimistic than optimistic.
According to FGV, firms were less pessimistic in October regarding their expectations for the future economic situation. However, firms’ expectations of the current economic situation worsened.