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13/09/2017 - 13:14hs

Industry intent to invest cooled

According to an indicator tracked by think tank Fundação Getulio Vargas slid by 2.8 points in quarter two from quarter one this year. It gauges the investment plans of industrial business owners.

Rio de Janeiro – The Industry Investment Indicator from think tank Fundação Getulio Vargas (FGV) dropped by 2.8 points in quarter three from quarter two this year. The indicator, which tracks the intent to invest by industry players, slid to 105.1 points on a 0-200 scale.

FGV said the drop “illustrates how investment struggles in a scenario of widespread idleness and uncertainty. Industry is awaiting news that will lead to increased certainty about where the economy is headed for the next two or three years.”

*Translated by Gabriel Pomerancblum

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