RIO DE JANEIRO, BRAZIL - Brazilian industrial confidence fell in March for a third month to its lowest since last August, a survey showed on Friday, March 19th, as a deadly second wave of the COVID-19 pandemic sweeps the country and triggers new lockdown measures in many states.
The Fundaçao Getulio Vargas’s national industrial confidence index for March fell 4.0 points to a seasonally adjusted 103.9 from 107.9 in February, a preliminary reading showed.
That is the lowest since August 2020, and a further slip from December’s 10-year high.
The current conditions index . . .