Brazil: Business confidence rises in June
June 28, 2021
The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index rose to 107.6 in June from May's 104.2. As a result, the index moved further above the 100-point threshold, signaling optimism among businesses.
The improvement largely reflected firms' more optimistic views of the present as well as the future economic situation.
Author: Hanna Andersson, Economist