OECD Business Confidence · Brazil

## What this measures

Business confidence in Brazil, from national surveys of firms (mostly manufacturing), standardised by the OECD so that 100 is the long-run average.

## Why it matters

Firms' expectations about orders and output tend to lead production and investment.

## How to read it

Above 100 is confidence above the country's own average, below 100 is below it.

## What it does not say

It is sentiment, not output, and it leans on manufacturing.

## Source

OECD SDMX API, dataflow `OECD.SDD.STES,DSD_STES@DF_CLI`, key `BRA.M.BCICP...AA...H`, amplitude adjusted, 100 = long-run average. Palanor reads it every day. OECD data are licensed under CC BY 4.0.