Brazilian Industry Confidence Hits Highest Level Since March 2018
RIO DE JANEIRO, BRAZIL – The Industry Confidence Index, measured by the Getulio Vargas Foundation (FGV), was up 1.5 points from December 2019 to January this year. The figure reached 100.9 points, the highest since March 2018 (101.4 points).
Confidence rose in 13 of the 19 industrial sectors surveyed by the FGV. The January hike was boosted by industrialists’ expectations, measured by the Expectations Index which rose 2.8 points. The assessment of the business environment evolution over the next six months contributed the most to this hike in expectations.
Entrepreneurs’ assessment of the present moment, as measured by the Current Situation Index, remained stable from December to January.
The Sector’s Installed Capacity Utilization Rate rose 0.6 percentage points from December to January, reaching 75.7 percent.
According to the FGV researcher Renata de Mello Franco, entrepreneurs’ confidence tends to improve in the first half of the year, although the sustainability of this confidence hinges on the evolution of internal demand.
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