Brazil Business Confidence February 2018

Brazil

Brazil: Business confidence moves to optimistic territory in February for the first time in over four years

March 6, 2018

Business sentiment in Brazil rose in February, moving into optimistic territory for the first time since June 2013. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rose to 100.4 from January’s 99.4 points. The index thus moved above the 100-point threshold that separates pessimism from optimism among businesses.

According to FGV, firms were more optimistic on the future economic situation. However, they were more downbeat on the present economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 4.5% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists expect fixed investment to grow 6.1%.


Author: Angela Bouzanis, Lead Economist

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Brazil Business Confidence Chart


Brazil Business Confidence February 2018

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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