Brazil Business Confidence November 2019

Brazil

Brazil: Business confidence rises in November

November 29, 2019

Business sentiment in Brazil’s industrial sector improved in November, after falling to the lowest level seen since October last year in the previous month. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence index increased to 95.5 points in November, from October’s 94.6 points. The index remains below the 100-point threshold and signals prevailing pessimism among Brazilian companies.

According to the FGV, the improvement was chiefly driven by firms’ less pessimistic assessment of future economic situation.

Panelists surveyed for this month’s LatinFocus report see fixed investment rising 4.3% in 2020, which is unchanged from last month’s forecast. For 2021, panelists expect fixed investment to grow 4.6%.


Author: Angela Bouzanis, Lead Economist

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Brazil Business Confidence November 2019

Note: Index of industry 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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