Brazil Business Confidence January 2019

Brazil

Brazil: Business confidence rises at start of 2019

January 28, 2019

Business sentiment in Brazil improved in January, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 98.2 points from a revised 95.6 points in December (previously reported: 94.8 points). Despite the rise, the index lies below the 100-point threshold and signals pessimism among firms.

According to the FGV, the improvement was driven by firms’ less downbeat assessments of both the current and future economic situations.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 5.4% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect fixed investment to also grow 5.0%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart


Brazil Business Confidence January 2019 0

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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