Brazil: Business confidence rises in December
January 2, 2018
Business sentiment in Brazil continued to climb in December, as it recovers from the lows of mid-2015. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index increased a seasonally-adjusted 1.3% from the previous month, rising to 99.6 points from 98.3 points in November. Nevertheless, the index remains below the 100-point threshold that separates pessimism from optimism among businesses.
According to FGV, the rise was driven by firms’ less pessimistic outlooks for the current and future economic situations.