Brazil Business Confidence May 2018


Brazil: Business confidence remains largely stable in May

May 29, 2018

Business sentiment in Brazil was broadly stable in May, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index inching up to 101.1 points in May from 101.0 points in April. The index remained above the 100-point threshold that separates optimism from pessimism among businesses for the fourth consecutive month.

According to the FGV, a more favorable outlook on both the current and future economic situation in May contributed to the uptick. That said, an FGV analyst noted in the May press release that political and economic uncertainty continued to weigh on firms’ confidence in the month.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 5.0% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists expect fixed investment to grow 6.0%.


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Brazil Business Confidence Chart

Brazil Business Confidence May 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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