Brazil Business Confidence

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Brazil: Business confidence rises from June's record low in July

July 31, 2015

Business sentiment rose in July, according to the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) business confidence indicator. The index increased a seasonally-adjusted 1.5% over the previous month, rising from June’s 68.1 points, which had marked the lowest level since the index began in October 2005, to 69.1 points. Despite the increase, the index remains far below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

According to FGB, firms were slightly less pessimistic in July regarding their expectations of the future economic situation. However, consumers’ attitudes toward the current economic situations were broadly unchanged from last month.

LatinFocus Consensus Forecast participants see fixed investment falling 6.3% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, panelists expect fixed investment to expand 1.9%.


Author: Angela Bouzanis, Senior Economist

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Brazil Business Confidence Chart


Brazil Business Confidence July 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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