20.07.201707:54:00UTC+00Brazil Business Confidence Rises July: FGV

Brazil's business confidence improved in July after weakening in the prior month, preliminary figures from the Getulio Vargas Foundation, or FGV showed Thursday.

The index measuring confidence in the industrial sector rose to 90.7 in July from 89.5 in June. In May, the reading was 92.3.

The current situation index dropped to 88.4 in July from 87.0 in the previous month. Meanwhile, the outlook index climbed from 92.1 to 93.3.

The capacity utilization level in the industrial sector increased to 74.9 percent in July from 74.2 percent in June.

The agency is set to release final data on July 27.