Industry confidence in Brazil drops to lowest level since January

Source: Xinhua| 2018-08-29 13:04:01|Editor: Li Xia
Video PlayerClose

RIO DE JANEIRO, Aug. 28 (Xinhua) -- Brazil's industry confidence dropped by 0.4 point in August, reaching the lowest level since January due to internal and external uncertainties, a think tank said Tuesday.

The Getulio Vargas Foundation (FGV) reported that the Industry Confidence Index (ICI) hit 99.7 points in August. The index spans from 1 to 200 points with 100 points being considered neutral.

According to the FGV, 11 of the 19 industries it analyzed showed a lack of confidence.

In January, the indicator once touched 99.4 points.

"The scarcity of good news and good results, and elevated uncertainty maintained by internal and external doubts, means that the recovery of confidence is still a long way off," the FGV said.

The drop in August was partially caused by the 1.1-point decline in the Current Situation Index (ISA), which reflects experts' analysis of the current situation.

However, the Expectations Index (IE), which evaluates forecasts for the next six months, remained at a neutral level, climbing 0.3 point to reach 101.4 points.

Brazil is slowly recovering from the country's economic crisis that struck between 2015 and 2016.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001374273461
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
中文字幕亚洲精品第十页 | 免费玖玖精品视频 | 青青青国产免费手机视频在线观看 | 中文字幕免费在线看线人动作大片 | 亚洲精品乱码99视频 | 婷婷色五月另类综合 |