Brazil Business Confidence March 2021


Brazil: Business confidence records worst reading in seven months in March

March 26, 2021

The Getulio Vargas Foundation’s (FGV, Fundação Getúlio Vargas) industrial business confidence index came in at 104.2 in March, down from February's 107.9, marking the weakest reading since August last year. Despite the drop, the index remained above the 100-point threshold, separating optimism from pessimism among businesses.

The headline print reflected a deterioration in firms’ views of the current economic situation, while firms turned pessimistic regarding the future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment expanding 5.5% in 2021, which is up 1.0 percentage point from last month’s forecast, and 3.6% in 2022.

Author:, Economist

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Brazil Business Confidence Chart

Brazil Business Confidence March 2021

Note: Index of industry business sentiment (seasonally adjusted). Readings above the 100-point threshold indicates businesses expect economic conditions to improve.
Source: Getulio Vargas Foundation.

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