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Brazil February industrial confidence falls for second month -FGV

RIO DE JANEIRO, BRAZIL - Brazilian industrial confidence fell in February for a second consecutive month, a survey showed on Monday, February 22nd, further evidence that the economy is losing steam andcould even contract in the first quarter.

The Fundaçao Getulio Vargas's national industrial confidence index for February fell 3.1 points to a seasonally adjusted 108,1 from 111.3 in January, according to a preliminary reading.

That is the lowest since September, but is still high by historical standards. December was the highest level of confidence in over a decade.

But the second wave of the COVID . . .

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