Brazil Shows Slight Increase in Industry Confidence

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite the negative news about the Brazilian economy as well as political unrest due to large scale corruption schemes, after five consecutive declines the government news wire announced that the Industry Trust Indicator (Índide de Confiança da Indústria, ICI), measured by the Fundação Getulio Vargas (FGV), increased in July compared to June.

The ranking increased from 68.1 to 69.1 points, which was still the second lowest level of the series. The one percent increase occurs after the falls of 1.6 percent in May and 4 . . .

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