Brazil’s trade confidence rises 12.2% in June to reach 1st high of the year – CNC

All three components used to calculate the indicator showed an increase.

RIO DE JANEIRO, BRAZIL - The National Confederation of Commerce of Goods, Services and Tourism's (CNC) index of business confidence (Icec) rose 12.2% in June compared to May, reaching a high of 47.6% compared to June 2020.

According to the company, it was the first month-on-month increase in the indicator in the year, driven by the prospects of improvement in the economy, and increased sales in the industry due to transactions related to "Dia dos Namorados" (Sweethearts' Day) on June 12.

In June, all three components used to calculate the indicator showed an increase, both relative . . .

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