according to the indicator released today by a private economic research center named, Getulio Vargas Foundation (FGV) of Brazil and the University of Munich.
The economic sentiment indicator called Latin America in January stood at 5.5 points above last October's 5.2 points and 5.0 points in January 2012, according to the quarterly survey conducted by the two institutions between 138 specialists from 18 countries.
The indicator was not as high measured from 5.6 points in July 2011, before it fell to 4.4 points in October 2011 as a result of the worsening of the international economic crisis.
Good expectation
According to the study, the business climate rose between October 2012 and January this year, mainly driven by the expectation that the situation will improve, since the evaluation of the current situation deteriorated slightly.
While the indicator called Outlook, which assesses specialists projections for the next six months, up from 5.3 points in October to 6.0 points in January, the Current Situation Indicator, which assesses the situation, down from 5.1 points 4.9 points over the same period.
Although the business climate improved in general in Latin America, in some countries the situation deteriorated * between October last year and January 2013, mainly in Venezuela, where the rate fell from 3.4 to 1.5 points; Ecuador, which fell from 5.0 to 4.0 points, and Bolivia, with a drop of 6.0 to 5.4 points.
In Brazil, the largest regional economy, the Economic Climate Index fell slightly in October from 6.1 points to 5.9 points in January.
Paraguay and Peru last month shared the best rated country status for business, with 7.0 points, followed by Chile (6.6), Uruguay (6.3), Brazil (5.9), Mexico (5.7), Bolivia (5.4), Colombia ( 5.3) and Argentina (5.2).
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