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.