The Getulio Vargas Foundation’s Business Confidence Index (FGV) rose 0.2 points from March to April, reaching 94.3 points, from zero to 200 points. The increase, however, didn’t recover the cumulative loss of 3.5 points in the previous two months.
Business confidence is calculated based on interviews with industry entrepreneurs, services, trade and construction.
The increase in the indicator was driven by a 0.4 point improvement in the Current Situation Index, which measures confidence in the present, which rose to 90.6 points. The Expectations Index, which measures optimism in relation to the future, fell for the third consecutive time, falling 0.5 points to 99.3 points.
Among the four sectors analyzed, only the industry advanced in April by 0.7 point. Services declined 0.9 point. Trade and construction have remained stable.