RIO DE JANEIRO, BRAZIL - The Trade Confidence Index (ICOM) increased 1.2 points in October, announced yesterday, October 25th, the Brazilian Institute of Economics of the Getúlio Vargas Foundation (IBRE/FGV). The indicator was estimated based on interviews with 851 companies in the sector between October 1st and 23rd.
With the progress in October, the indicator rose from 97.2 to 98.4 points, nearing the level of 98.7 where it was two months ago before the drop recorded in September.
There was an improvement in the current situation, which may have been influenced by the release of . . .