Trade confidence drops to lowest level since May 2020

The Getúlio Vargas Foundation reported on Wednesday (24) that the Brazilian Trade Confidence Index (ICOM) plummeted 18.5 points in a pack, to 72.5 points, registering the lowest value since May 2020. The result received strong pressure from the recent worsening of the coronavirus pandemic (COVID-19) across the country, which reached a record 3,251 deaths in the last 24 hours. The Current Situation Index (ISA-COM) dropped 10.6 points to 75.9 points, while the Expectations Index (IE-COM) plunged 25.7 points to 70.2 points

This text was translated by machine from Brazilian Portuguese.