Brazil’s industrial confidence rises to four-month high in June, but risks remain – FGV

The Expectations Index (IE), an indicator of business owners' assessment of the coming months, rose 5.0 points to 104.0 in June, registering its second consecutive increase after four months of decline.

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 . . .

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