Brazil: Business confidence rises to six-month high in July
The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 108.4 in July, up from June’s 107.6 and marking the best reading since January. Consequently, the index moved further above the 100-point threshold, indicating optimism among businesses.
July’s upturn reflected an improvement in firms’ views of the current economic situation, while their perception of the future economic situation also turned more optimistic.