24.11.201706:24:00UTC+00Brazil Business Confidence Highest Since February 2014

Brazil business confidence climbed for a fifth straight month in November to its highest level in nearly four years, survey data from the think tank FGV showed Friday.

The business confidence index rose to 98.1 from 95.4 in October. The reading was the highest since February 2014, when it was 98.3, the FGV said.

The current situation index also increased for a fifth consecutive month to 97.2 from 95.5 in the previous month.

The expectations index rose to 99 from 95.2 in October.

The capacity utilization rate, meanwhile, fell to 73.8 percent from 74.3 percent,.