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