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Brazil Business Confidence April 2022

Brazil: Business confidence rises but remains pessimistic in April

The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 97.4 in April, up from March’s 95.0. Despite the uptick, the index remained below the 100-point threshold, pointing to less pessimism among businesses.

The headline print reflected an improvement in firms’ views of the current economic situation and less pessimism of the future economic situation.

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