Brazil’s trade sector remains confident in November
Brazil’s Trade Entrepreneurs Confidence Index recorded the fifth increase in a row in November, reaching 108, despite lower income transfers by the government and a rising inflation. It is the second straight month above the threshold of 100, which separates a positive prospect from a negative one. However, the trade confidence stays lower than the pre-pandemic levels. In November 2020, the index was 11.9% y/y lower than in November 2019.
According to the National Confederation of Commerce of Goods, Services and Tourism, which conducts the survey, the sub-index of expectations reached 150.7 in November 2020, and it is the only one above 100. The other two sub-indexes of current conditions and investments stood at 78.6 and 94.6, respectively.
Further data and analysis on Brazil’s economy could be found on the CEIC Brazil Economy in a Snapshot – Q3 2020 report.