Brazil Business Confidence

Brazil: Business confidence plummets to new record low in September

October 1, 2015

Business sentiment fell in September, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index decreased a seasonally-adjusted 2.9% over the previous month, falling from August’s 68.0 points to 66.0 points. September’s figure marked the lowest level since the index began in October 2005. As a result, the index remains far below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGB, firms were more pessimistic in September regarding their expectations of the current and future economic situation.

Panelists surveyed in this month’s LatinFocus report see fixed investment falling 9.5% in 2015, which is down 2.0 percentage points from last month’s forecast. For 2016, panelists expect fixed investment to fall 1.2%.

Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart

Brazil Business Confidence September 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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