Index Shows Optimism in Commerce Segment in Brazil

Signs of gradual recovery of retail sales in the short term strengthen the forecast of a more favorable performance in 2017.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Although business confidence in the commerce segment in Brazil fell slightly (.09 percent) in July, the Commerce Business Confidence Index (ICEC), continues in positive territory indicating optimism in Brazil’s commerce business segment, according to the National Confederation of Commerce of Goods, Services and Tourism (CNC).

"The intensifying of the political crisis has reduced business confidence in the last two months, as uncertainties over the speed of fiscal adjustment prevail,” says CNC economist Izis Ferreira.

Adding, “Signs of gradual resumption of retail sales in the short term, however, strengthen the . . .

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