Brazil Business Confidence

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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.

Panelists surveyed for this month’s LatinFocus report see fixed investment falling 11.0% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect fixed investment to fall 3.2%, which is also unchanged from the previous month’s estimate.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart


Brazil Business Confidence October 2015

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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