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Brazil Construction Industry Recoils as Confidence Drops

By Sarah Brown, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Two key indicators measured by FGV (Getulio Vargas Foundation) that reflect the construction industry conditions in Brazil reports a drop in confidence in the sector and a drop in construction costs across Brazil. However, the overall costs are still high and the outlook is pessimistic with expectations of little change for this scenario for the rest of the year.

The INCC (National Construction Cost Index) fell to 0.8 . . .

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