RIO DE JANEIRO, BRAZIL - Industrial confidence in Brazil rose to its highest level in four months in June, reflecting improved expectations, although risks such as input shortages and rising costs remain in play, the Getulio Vargas Foundation (FGV) said Monday.
The Industrial Confidence Index (ICI) rose 3.4 points to 107.6 this month, the highest level since February this year (107.9).
This reading was "influenced by the advance of expectations regarding the coming months," said in a note Claudia Perdigão, economist at FGV IBRE, highlighting that "the recovery of external economies and the advance of the vaccination . . .