Brazil Business Confidence


Brazil: Business confidence drops for eighth straight month

August 31, 2011

The business confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) deteriorated in August, declining a seasonally adjusted 2.2% to 102.7 points. The decrease reflected a drop in the present situation index (-3.6% month-on-month) as well as in the expectations index (-0.7% mom). After eight consecutive months of moderating business confidence, sentiment currently lies only 2.7 points above the 100-point threshold that separates optimism from pessimism. Moreover, the index is already 11.8% below the post-crisis peak of 116.5 points tallied in March last year. Falling optimism in the business community is likely to dent investment growth going forward.


Sample Report

Looking for forecasts related to Business Confidence in Brazil? Download a sample report now.


Brazil Economic News

More news

Search form