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.
I. W7 S8 b3 C6 G6 B+ z The country's Industry Confidence Index (ICI) made a turnaround after the November figures fell to the lowest level in a year.- S! l1 b! g& x) B
According to the FGV, the increase registered in December could be attributed to the industrialists' optimism about Brazil's economic prospect.& h5 G% x. I& {; b( ~
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.: m5 }7 {% m8 v+ \+ ?, q/ O; e; p3 W
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.
; q" B3 y- Y2 b0 m* n' ~ S s According to the FGV, 31 percent of industries planned to hire more employees in 2011, while 5.7 percent planned to cut staff.; ?0 C. ?+ a0 |
A total of 31.6 percent considered the current demand level good, while 4.7 percent held the opposite opinion.
# t# R( j/ k% H0 W5 B& G* j' A 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 |