Industry investment intentions up
10 de junho de 2016
An indicator computed by the Brazilian think tank Fundação Getulio Vargas edged up from 81.9 points in Q1 this year to 82.5 points in Q2.
Rio de Janeiro – After hitting the lowest level on record in Q1 this year (81.9 points), the Industry Investment Intentions Indicator gained 0.6 point in Q2 from Q1, to 82.5 points.
The indicator is one component of the investment survey Sondagem de Investimentos and was released this Friday (10) by the Brazilian Institute of Economics, an arm of think tank Fundação Getulio Vargas (FGV). It gauges the willingness of industrial businesses to invest, and as such helps anticipate economic trends.
To the FGV joint superintendent for Economic Cycles Aloisio Campelo Jr., the result suggests that the worst has passed when it comes to investment intention levels. He believes that “albeit discrete,” this first increase in the indicator since Q3 2013 comes as “good news.”
*Translated by Gabriel Pomerancblum