Construction confidence in Brazil rises to highest level since March 2014 – FGV

In July, 26.7% of construction companies reported an increase in activity. This is the highest percentage recorded since October 2012.

RIO DE JANEIRO, BRAZIL - Influenced by an improvement in expectations for the coming months, the Construction Confidence Index rose 3.3 points to 95.7 points in July, reaching its highest level since March 2014 when it reached 96.3 points, reports the Getulio Vargas Foundation (FGV).

On a quarterly moving average, the index rose 3.6 points, reaching its second consecutive high.

For Ana Maria Castelo, construction projects coordinator at FGV-Ibre, the survey shows that a "slightly" optimistic scenario prevails again. "If in the second half of 2020 the increase in costs helped to lower confidence, in 2021 . . .

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