RIO DE JANEIRO, Dec. 28 (Xinhua) -- Brazil's industry confidence reached 114.5 points in December, marking a peak in six months, the Getulio Vargas Foundation (FGV) announced Tuesday.. Z; m" x7 h3 ^) b0 S$ c. a0 O
The country's Industry Confidence Index (ICI) made a turnaround after the November figures fell to the lowest level in a year.
# Q" h; {0 O2 | V- ~ According to the FGV, the increase registered in December could be attributed to the industrialists' optimism about Brazil's economic prospect. f$ P) p3 E# D& b0 y
The Present Situation Index (ISA), which measures the confidence in Brazil's current economic situation, was up 1.3 percent to 116.2 points in December, the highest since April.6 n9 Z8 [) h+ K4 {( g
The Expectations Index (IE), which measures the industrialists' expectations for the next six months, reached 112.8 points in December, up 1.9 percent from November.
: z# w6 l7 R, O According to the FGV, 31 percent of industries planned to hire more employees in 2011, while 5.7 percent planned to cut staff.+ S- c( {. j- {; n6 k. n
A total of 31.6 percent considered the current demand level good, while 4.7 percent held the opposite opinion.' U' B: b* u0 v: f9 Z1 i
The ICI survey, carried out between Dec. 2 and Dec. 23, involved 1,196 companies across Brazil, whose combined profits reached 625.9 billion reais (388 billion U.S. dollars) last year |