Brazil’s services sector confidence in July is highest since 2014 – FGV Ibre

The Expectations Index (IE-S), which reflects the outlook for the coming months, rose by 6.5 points to 105.6, the highest level since November 2012.

RIO DE JANEIRO, BRAZIL - The confidence of the services sector in Brazil reached in July the highest level in more than seven years, with improvement both in expectations and in the assessment of the current situation.

Data released Thursday by the Getulio Vargas Foundation (FGV) showed that the Services Confidence Index (SCI) jumped 4.2 points in July to 98.0 points, the highest level since March 2014 (98.3 points).

"Services confidence advanced for the fourth consecutive month, surpassing the pre-pandemic level and returning to the highest level since 2014," Rodolpho Tobler, FGV Ibre economist, said in a . . .

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