RIO DE JANEIRO, BRAZIL - Brazilian industrial confidence fell in April for a fourth month to its lowest since August, a survey showed on Thursday, depressed by a second COVID-19 wave and new lockdown measures in many states.
The Fundacao Getulio Vargas’s national industrial confidence index for April fell 1.1 points to a seasonally adjusted 103.1 from 104.2 in March, according to preliminary figures.
That is the lowest since August 2020, and a further slip from December’s 10-year high of 114.9.
A growing clutch of indicators - notably formal job growth and federal tax . . .
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