Brazil’s Confidence Indexes Show Mixed Projections in 2017

While the retail sector is optimistic in relation to 2017, others like consumer and industry confidences register declines for the end of 2016 and beginning of next.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – As Brazilians brace for another difficult year ahead, confidence indexes released this past week show no clear tendencies. While some, like the retail sector, are optimistic in relation to next year, others like consumer confidence and industry confidence registered declines during the end of 2016 and beginning of 2017.

The National Confederation of Industry (CNI), for example, estimates a weak growth, expansion of 1.3 percent in industry, next year. “The year 2017 will be characterized by a very difficult beginning,” concluded a special report released by CNI in December . . .

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