GVIʼs business confidence index rose to 58.2 points in April, up from 55.5 six months earlier, reaching a new peak.

Confidence has been on the increase since late in 2017, supported by improved outlooks, GVI said. The best prospects were reported at foreign-owned businesses, big exporters and companies with more than 50 people on their payroll.

Gauges of the propensity to make building and machinery investments were lower in a number of sectors.

The measure of expectations for order stocks edged down 2 points to 53.