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Brazil Business Confidence August 2021

Brazil: Industrial business confidence dips in August

The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 107.0 in August, down from 108.4 in July. Consequently, the index remained above the 100-point threshold, indicating optimism among businesses.

August’s downtick reflected a worsening in firms’ views of the current economic situation, while their perception of the future economic situation also turned more downbeat.

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