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Brazil business confidence indices decline in September
Business confidence indicators in Brazil showed a decline in September. The Business Confidence Index (ICE) calculated by FGV IBRE fell by 1.2 points to 89.3, reflecting a downward trend across the industry, construction, services, and commerce sectors. The most significant drop occurred in commerce, which fell 2.9 points to 81.3.
Simultaneously, the National Confederation of Trade (CNC) reported that the Trade Entrepreneur Confidence Index (Icec) dropped from 101.3 points in August to 100.0 points in September. This decline was driven by a 1.3% monthly drop in confidence within the semi-durable goods segment, including clothing and footwear, partly due to changing import tax dynamics.
Despite these declines, the CNC noted that the trade environment remains more favorable than the same period last year, with durable goods seeing a 3.9% annual increase and retail hiring intentions remaining positive.
Entities
Aloisio Campelo Jr. · Brazil · Confederação Nacional do Comércio de Bens, Serviços e Turismo · Fundação Getulio Vargas
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The Business Confidence Index (ICE) fell 1.2 points in September to 89.3 points. www.dgabc.com.br · tnonline.uol.com.br
- [● 2 SOURCES] The decline in the ICE was observed across the industry, construction, services, and commerce sectors. www.dgabc.com.br · tnonline.uol.com.br
- [● 2 SOURCES] The commerce sector saw the largest decline, dropping 2.9 points to 81.3. www.dgabc.com.br · tnonline.uol.com.br
- [● 2 SOURCES] Business expectations are deteriorating, with worsening projections for demand and business conditions. www.dgabc.com.br · tnonline.uol.com.br
- [○ 1 SOURCE] The Trade Entrepreneur Confidence Index (Icec) fell from 101.3 points in August to 100.0 points in September. www.brasilemfolhas.com.br
- [○ 1 SOURCE] The decline in trade confidence is linked to readjusted expectations in the semi-durable goods segment, such as clothing and footwear. www.brasilemfolhas.com.br