The Business Confidence Index (ICE), calculated by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV), fell to the lowest level since March 2021.
In January this year, the reduction was 2.1 points, reaching 88.6 points.
In March 2021, during the pandemic, the index reached 85.9 points.
The fall in business confidence was determined mainly by the worsening of assessments about the current business situation in the services, commerce . . .
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