Service confidence in Brazil has third consecutive advance

In May, the Services Confidence Index (SCI) advanced 2.1 points to 98.3, the highest since October 2021 (99.1). It was its third straight month of advance. Trade confidence rose again in May after two months of decline.

RIO DE JANEIRO, BRAZIL - In May, the Brazilian services confidence registered its highest level in seven months due to an improvement in the perception of the current moment of the sector and the coming months, showed data released on Monday, May 30, by Getulio Vargas Foundation (FGV).

In May, the Services Confidence Index (SCI) advanced 2.1 points to 98.3, the highest since October 2021 (99.1). It was its third straight month . . .

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