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Prominent Brazilian research organisation the Getúlio Vargas Foundation (FGV) recently published an annual property construction industry confidence report which concluded that their associated measurements had fallen by an average of 10.2 percent between September and November 2011, compared to the same period of 2010.

The research – as demonstrated in the tables below – is compiled via direct questionnaires sent to 672 prominent market players related to current business levels, recent evolution of activity, sales behaviour and demand.   According to the FGV, the statistics surveyed companies from throughout Brazil incorporating 11 sector categories and were mounted between the 1^st and 30^th November 2011:

According to the data, the most prominent factor contributing to the fall was the fact that the proportion of companies that reported a rise in the level of business activity fell from 50.2 percent in November 2010 to 33.4 percent in the same period of this year.  As seen above, the expectation index ending in the quarter leading up to November 2011 also saw a 6.9 percent fall in relation to the previous year.