Brazil: Business confidence rebounds in July
July 27, 2017
Business sentiment rose in July, recovering some of the ground lost in June. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index increased a seasonally-adjusted 1.5% from the previous month, rising to 90.8 points from June’s 89.5 points. The index still remains below the 100-point threshold that signals that businesses are more pessimistic than optimistic.
According to FGV, the result came as firms grew less pessimistic for the current and future economic situation.