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Latin America’s business climate improves but remains at unfavorable level

The business climate in Latin America improved in the fourth quarter compared to the third quarter, although the indicator is still unfavorable, according to a report released Wednesday in Brazil.

The Economic Climate Indicator (ECI), released quarterly by the Brazilian think tank Getulio Vargas Foundation (FGV), rose 11.8 points to 66.5 units, an unfavorable level below 100 points, which marks the boundary between the favorable and unfavorable zone.

The ECI has remained at an unfavorable level since the third quarter of 2013, except for the fourth quarter of 2017, the first quarter of 2018, and the third quarter . . .

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