Rio de Janeiro – The Economic Climate Index (ECI), measured by the Getulio Vargas Foundation (FGV), rose 2.1 points in Brazil in the second quarter of 2022 and reached 62.7 points on a scale from 0 to 200. Brazil and Uruguay, the latter with a 14.2-point increase, were the only ones of the ten Latin American countries analyzed by the survey to demonstrate growth in the second quarter of this year compared to the first.
According to the survey, on average, Latin America fell by 11.7 points in the period. Other countries ranged between declines of 5.5 points in Bolivia and 27.9 points in Argentina. The ECI is calculated based on information provided quarterly by experts in the economies of their respective countries.
The rise in the index in Brazil was driven by the Present Situation Index (PSI), which assesses the current circumstances and rose by 14.6 points, reaching 30 points. The Expectations Index (EI), which estimates forecasts for the future, dropped 15.4 points but remained in the middle of the scale, with 100 points.
Translated by Elúsio Brasileiro
