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Brazil trade confidence slumps 3.1% in October – CNC

RIO DE JANEIRO, BRAZIL - The data were released Monday, October 25, in Rio de Janeiro, by the National Confederation of Commerce (CNC). The entity reported that the drop reflects a potential deterioration in the current conditions and in the economy's performance. In the non-seasonally adjusted comparison, the index had no variation in the month.

The ICEC is an early indicator for retail and aims to detect the sector's entrepreneurial activity trends. The survey is conducted with some 6,000 companies in all state capitals in Brazil. The indicator is monthly and ranges from 0 to 200 points . . .

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