Rio de Janeiro – The Trade Confidence Index (Icom) from think tank Fundação Getulio Vargas (FGV) was up 5.7 points in December from November of this year. Its 105.1 score is the strongest since April 2013.
The pickup in confidence was seen in 11 out of 13 segments tracked by FGV. Business owners are more confidence regarding both the current and future scenarios.
The Current Scenario Index was up 4.1 to 97.4 points, for the third straight month. It scored its highest since April. The Expectations Index, which gauges expectations for the next few months, was also up for the third month on end, by 7 points to 112.5, the strongest number since February 2011.
Translated by Gabriel Pomerancblum