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Brazil Business Confidence July 2022

Brazil: Business confidence deteriorates to pessimistic territory in July

The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index fell to 99.5 in July from June’s 101.2. As a result, the index dropped below the 100-point threshold, indicating pessimism among businesses.

The slump came on the back of a deterioration in firms’ views with regard to the current economic situation. In addition, firms’ sentiment regarding the future economic situation weakened.

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