Brazil: Business confidence rises modestly in December
December 27, 2018
Business sentiment in Brazil improved in December, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.8 points from 94.3 points in November. Despite the rise, the index lies below the 100-point threshold and signals pessimism among firms.
According to the FGV, the improvement was driven by firms’ less downbeat assessments of the current economic situation.