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Brazil’s services sector confidence improves in August to highest in almost 8 years

RIO DE JANEIRO, BRAZIL - Brazil's services sector in August registered a rise in confidence to the highest level in almost eight years, given the improvement in the volume of work as the economy reopens.

The Getulio Vargas Foundation (FGV) reported on Monday that its Services Confidence Index (SCI) rose 1.3 points to 99.3 points, the highest level since September 2013 (101.5 points). It was the fifth straight monthly rise, with the indicator consolidating above the pre-pandemic level.

"Contrary to what has been observed in recent months, the rise was more influenced by the improvement in . . .

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