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YPO: Brazilian Business Confidence Holds Steady in Fourth Quarter


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© Business Wire 2014
2014-02-04 09:03:03 -

CEO confidence levels in Brazil barely moved in the fourth quarter of 2013, inching down 0.3 point to 57.6 in the January YPO Global Pulse : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. sentiment index. While Brazil’s index level remains in optimistic territory on the 100-point scale, it sits below where it was one year ago (60.4) and trails Mexico (59.9) and the Latin America composite index (59.8).

Flat confidence levels in Brazil contrasted with those in the rest of the world, where central bank policies in the United States, Europe and Asia contributed to a groundswell of optimism. Business leaders in Latin America are the least confident in the world, even though the region’s index level climbed 2.8 points to 59.8 in the

January survey.

“Disappointing economic data in the fourth quarter didn’t help CEO confidence in Brazil,” said Ricardo Diniz, vice chairman of Bank of America Merrill Lynch Brasil and a member of YPO : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ’s São Paulo chapter. “Moreover, international liquidity reduction and the resulting volatility in the real has added to the challenges faced by local business leaders in recent months.”

Fixed investment forecasts in Brazil have been declining steadily for three years. In January 2011, the YPO Fixed Investment Confidence Index for Brazil stood at 74.6. It is now much less aggressive at 56.8 (the regional composite level is higher at 62.3).

Globally, a rising tide of optimism lifted business confidence in all regions except Africa and Australasia, where CEO sentiment edged lower from already-lofty levels. Notably, the European Union surged to a new high at 62.2; the United States broke out of its 15-quarter confidence rut, jumping 3 points to 63.5; and Asia’s index rose for the second consecutive quarter, to 63.6. The global index stands at 63.0.


YPO Global Pulse Confidence Index

The quarterly electronic survey, conducted in the first two weeks of January 2014, gathered answers from 2,088 chief executive officers across the globe, including 146 in Latin America. Visit www.ypo.org/globalpulse : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. for more information about the survey methodology and results from around the world. For more information about YPO, visit www.ypo.org : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

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YPOMichèle Foster, 33-6-8494-9788 mfoster@ypo.org : mailto:mfoster@ypo.org


Author:
Hossam Abdel-Kader
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