FGV Report: Brazilian Business Sector Confidence Returns to Pre-Pandemic Levels

Brazilian business owners showed a certain neutrality (neither optimism nor pessimism) on the evolution of business in the coming months, except in the industrial sector, where there was optimism.

RIO DE JANEIRO, BRAZIL - Brazilian business-sector confidence in the economy rose 3 points in September to pre-pandemic levels, according to a report released by the Getulio Vargas Foundation (FGV)

FGV, a leading economic think tank, said the Business Confidence Index (ICE) reached 97.5 points in September, 1.5 units higher than in February, before the arrival of the novel coronavirus (COVID-19) pandemic.

According to the FGV, the index consolidates increases in confidence in four sectors of the Brazilian economy: industry, services, commerce and construction.

Meanwhile, the Current Business Situation Index (ISA) rose 4.4 units to . . .

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