São Paulo – The Industry Confidence Index measured by the Getulio Vargas Foundation (FGV) was up one percentage point in October, from 105 points in September to 106 this month. It is the highest level since June 2011, when the index reached 107.1 points.
The Current Status Index was up 1.7 point in October, at 106.8 points. It is the highest score since 2011. The inventory level indicator contributed to the figure. From September to October, the number of companies with surplus inventories went from 6.1% to 5.6% and the number of companies with insufficient inventories went from 2.1% to 4.1%.
The FGV expectations indicator was up 0.3 point in October, to 105.2 points. The increase was influenced by the indicator of expectations concerning labour force, which was up 1.7 point from September. The rate of companies which expect to increase their personnel rose from 20.3% to 24.5%. In turn, the share of companies which expect to cut back on hiring went from 10.4% to 12.7%.
The Level of Use of Installed Capacity went from 84.1% in September to 84.2% in October, the highest since 2011.
*Translated by Gabriel Pomerancblum
