Roundup: Brazil’s industrial confidence continues to rise in August

RIO DE JANEIRO, Aug. 27 (Xinhua) — Confidence among Brazil’s industrialists increased for the fourth consecutive month in August, almost fully rebounding from the negative impact of the COVID-19 pandemic, a Brazilian economic think tank said on Thursday.

According to the Getulio Vargas Foundation (FGV), the Industrial Confidence Index rose by 8.9 points in August to 98.7, recovering 40.5 points or 93.8 percent of the 43.2 points it lost in March and April, when the pandemic started to take hold.




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