Brazil Business Confidence July 2020

Brazil

Brazil: Business confidence strengthens albeit remains in pessimistic territory in July

July 29, 2020

The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence came in at 89.8 in July, up from June's 77.6, recording a notable improvement over the previous month However, the index still remained entrenched below the 100-point threshold, separating pessimism from optimism among businesses.

July’s upturn came on the back of an improvement in firms’ perceptions of the current economic situation, while their assessment of the future economic situation also grew less pessimistic.

Panelists surveyed for this month’s LatinFocus report see fixed investment falling 12.1% in 2020, which is up 0.4 percentage points from last month’s forecast. For 2021, panelists project fixed investment to rebound and grow 7.1%.


Author:, Economist

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Brazil Business Confidence July 20 20

Note: Index of industry business sentiment (seasonally adjusted). Readings above the 100-point threshold indicates businesses expect economic conditions to improve.
Source: Getulio Vargas Foundation.


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