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Brazilian trade confidence index declines 0.8% in July amid macroeconomic uncertainty
Valor Econômico·BR·about 16 hours ago
The CNC Trade Entrepreneur Confidence Index (Icec) fell to 101.9 points in July, reversing a marginal gain from the previous month. The decline is attributed to persistent inflationary pressures and high interest rates, signaling a cooling in business sentiment within the Brazilian retail and services sectors.