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Financial News: Brazil Business Confidence Highest Since June 2013

Brazil Business Confidence Highest Since June 2013

03/21/2018 - 07:54:00 (RTTNews)

(RTTNews) - Brazil's business confidence strengthened further in March to the highest level in more than four-and-a-half years, survey data from the think tank FGV showed Wednesday.

The business confidence index rose to 102.1 in March from 100.4 in February.

Moreover, the latest reading was the highest since June 2013, when it marked 104.9.

The current situation index increase by 1.0 point to 100.4 in March. The expectations index gained by 2.3 points to 103.7, which was also the highest score since June 2013.

The capacity utilization rate climbed from 75.6 in February to 76.1 in March, the highest since May 2015.

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