Brazilian Entrepreneurs’ Confidence Index Drops 1.7 Percent From May to June
RIO DE JANEIRO, BRAZIL – The Trade Entrepreneur Confidence Index (Icec), measured by the National Confederation of Trade in Goods, Services, and Tourism (CNC), retreated 1.7 percent from May to June and reached 118.3 points, on a scale of zero to 200 points. Compared to June last year, the indicator advanced 8.5 percent.
In the transition from May to June, the drop was influenced mainly by the worsening of the assessments of current circumstances, which retreated 5.1 percent. The evaluation of the current state of the economy fell by 8.5 percent.
Both business expectations for the future and investment intentions retreated more moderately, by 0.5 percent.
Compared to June last year, however, assessments of current conditions have grown by 12.8 percent. Expectations rose by 7.2 percent and investment intentions by 6.9 percent.
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
Brazil runoff, Sunday, October 25: When is the Brazil runoff election. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.