Brasília – The rate of businesses in Brazil that plan to make investments in 2015 is 69.3%, according to a poll released this Thursday (22nd) by the National Confederation of Industry (CNI, in the Portuguese acronym). The rate is down 8.8 percentage points from 78.1% in 2014. According to the CNI, the proportion of companies intending to invest is the lowest in five years.
The most frequently cited reasons not to invest during 2015 include uncertainty regarding the economy (77.4%), demand reassessment (45%), cost of credit or financing (34.2), unexpected increases in the cost of investment (33.9%) and difficult access to credit (25.,1%). Most of the businesses that intend to invest (61.2%) are planning to do so in already ongoing projects.
The poll shows that 71.8% of businesses made investments in 2014, and 79.7% in 2013. It also shows that last year, part of the plans to invest fell through. Only 41.4% of companies actually invested as expected in 2014, and 39.8% carried out their plans only partially.
Besides, 9.2% of all entrepreneurs polled by CNI said they have either indefinitely postponed their investment plans or scrapped them altogether. Another 7.5% declared that they postponed investing to 2015.
The poll was conducted from November 4th to December 12th, 2014, covering 592 businesses – 312 large, 213 medium and 67 small ones.
*Translated by Gabriel Pomerancblum
