Brazil: Business confidence slides in April
April 26, 2018
Business sentiment in Brazil fell slightly in April, breaking the nine-month upward trend but remaining in optimistic territory nonetheless. The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index inched down to 101.0 points in April from a revised 101.7 points in March (previously reported: 102.1 points). It thus stood above the 100-point threshold that separates optimism from pessimism among businesses for the third consecutive month.
According to FGV, firms were less optimistic about both the current and future economic situation in April compared to in March. An FGV analyst noted in April’s press release that uncertainty surrounding the impending elections weighed on the outlook.