Rio de Janeiro – The Retailer Confidence Index (Icec) was up 1.2% in November from October. This comes as the seventh straight month-on-month increase in the index, which gauges business owners’ assessment of the economy, trade and their own businesses. In November from November 2015, the Icec was up 23.5%.
According to the National Federation of Trade in Goods, Services and Tourism (CNC), the index hit 98.9 points on a zero-to-200 scale. Therefore, the result remains below the 100-point median.
*Translated by Gabriel Pomerancblum