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Brazil Business Confidence September 2022

Brazil: Business sentiment becomes pessimistic in September

The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index fell to 99.5 in September from August’s 100.3. As a result, the index fell below the 100-point threshold, signaling mild pessimism among businesses.

The deterioration came on the back of a moderation in firms’ assessment of the current economic situation. In addition, firms’ sentiment regarding the future economic situation strengthened in September, but remained in pessimistic territory.

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