Rio de Janeiro – The Industry Investment Intention Indicator, measured by Fundação Getulio Vargas (FGV), a Brazilian research and education foundation, climbed 3.6% in the third from the second quarter of this year. Despite the improvement, the index still shows that companies expecting to cut back on investments in the next 12 months outnumber those planning to spend more.
The share of businesses that forecast an increase in investment in the future went from 18% in quarter two to 19% in quarter three. Conversely, the share of businesses estimating a decline in investment dropped from 35% in the second quarter to 33% in the third one. FGV said the quarter-on-quarter increment is a mild one, considering the preceding downward trend that lasted six straight quarters.
*Translated by Gabriel Pomerancblum
