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.
. m; a& L9 F: i+ d" m ~% o8 D The country's Industry Confidence Index (ICI) made a turnaround after the November figures fell to the lowest level in a year.* h+ N! M- d9 E. d, _- V" w. \8 g9 l
According to the FGV, the increase registered in December could be attributed to the industrialists' optimism about Brazil's economic prospect.7 j. @6 Y- X; L1 L0 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.% X7 \/ M- z0 g [7 P% N
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.
& }: J" x& n# V! d) u According to the FGV, 31 percent of industries planned to hire more employees in 2011, while 5.7 percent planned to cut staff.4 b( [ y0 o# o9 Z3 A, Q
A total of 31.6 percent considered the current demand level good, while 4.7 percent held the opposite opinion. P+ m3 M7 q, S2 H1 Z$ r8 O
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 |