Business confidence drops 1.9 points in June compared to May, reveals FGV – Economy



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Rio, 02 – The index of business confidence (ICE) fell by 1.9 points in June compared to May, reaching 90.5 points, announced Monday the Fundao Getulio Vargas (FGV). In the second quarter of 2018, there was also a 1.9 point decrease from the previous quarter.

"The decline in corporate confidence in June deepens a trend described in the previous two months, which apparently added to the other factors that led to a loss of confidence: dissatisfaction with slowness economic recovery, lack of confidence in economic policy. "Aloisio Campelo Junior, Superintendent of Public Statistics of the Brazilian Institute of Economics of the FGV (Ibre / FGV), in an official note.

The business confidence index reveals the survey data of the processing, services, trade and construction industry. The calculation takes into account the proportional weights in the economy of the sectors studied. , based on information extracted from the annual structural surveys of the Brazilian Institute of Geography and Statistics (IBGE). According to the FGV, the ICE goal allows a more consistent evaluation of the ry theme of economic activity.

In June, the current situation index (ISA-E) fell 1.1 points to 88.6 points. The Expectations Index (IE-E) decreased by 0.9 point to 97.5 points. Confidence has deteriorated in all sectors, including Comrcio (-3.0 points) and Construo (-3.1 points).

In June, only 27% of the 49 segments that ICE understands trust. Taking into account the quarterly moving average, the proportion of ascending segments also decreased compared to the previous month, to 36% of the total

The Business Confidence Index collection collected information from 5,549 companies of the four sectors between days 4 and 26 June.

(Daniela Amorim)

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