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Trade Confidence in Brazil falls to lowest level since May – FGV

RIO DE JANEIRO, BRAZIL - The Trade Confidence Index (Icom), from the Brazilian Institute of Economy of the Getulio Vargas Foundation (FGV Ibre), dropped 6.8 points in September, to 94.1 points, the lowest level since May of this year (93.7 points). In quarterly moving averages, the indicator fell (0.6 points) after four consecutive highs.

"Trade confidence ends the third quarter in decline. The negative result is the combination of the worsening of both the perception about the current sales volume and expectations, generating doubts about the pace of recovery in the coming months. The greater caution of . . .

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