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Brazil Business Confidence April 2021

Brazil: Business confidence hits eight-month low in April

The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 103.5 in April, down from March’s 104.2, marking the worst reading since August 2020 last year. Despite the downturn, the index still remained above the 100-point threshold, and indicated optimism among businesses.

April’s fall came on the back of a deterioration in firms’ views of the future as well as the current economic situation.

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