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28/09/2017 - 12:40hs

Uncertainty on Brazilian economy down

Indicator by Fundação Getulio Vargas declined 10.8 points in September over August and stands at the lowest level since April of this year.

Rio de Janeiro – The Brazilian Economy Uncertainty Index (IIE-Br) dropped 10.8 points in September over August, the third consecutive decline, going from 130.1 points to 119.3 points. With this current decrease, the indicator reaches the lowest level since April 2017, when it stood at 118.8 points.

The IIE-Br data was released this Thursday (28) by the Brazilian Institute of Economics of Fundação Getulio Vargas (IBRE/FGV). For the FGV’s economist Pedro Costa Ferreira, two factors clarify the indicator’s decline: the decrease of uncertainties about the way economic policy is clearly being conducted and the feeling that the economic policy won’t go through great deviations in the medium-term.

*Translated by Sérgio Kakitani

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