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Financial News: Brazil Business Confidence At 4-Month High

Brazil Business Confidence At 4-Month High

01/24/2017 - 06:15:00 (RTTNews)

(RTTNews) - Brazil's business confidence improved at the start of the year to its strongest level in four months, preliminary figures from the Getulio Vargas Foundation, or FGV showed Tuesday.

The industrial confidence index rose by 3.1 points to 87.8 in January from 84.7 in December. This was the highest reading since September.

The sub-index for current conditions increased by 2.7 points to 86.1 in January and the expectations index climbed by 3.4 points to 89.7.

The capacity utilization rate in the industrial sector rose to 73.8 in January from 72.9 in the preceding month. The final result of the research will be released on January 31.

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