Brazil Service Confidence Drops in September as Expectations Worsen

FGV's service sector confidence index fell in September, driven by a 2.7-point decline in the Expectations Index to 84.6, signaling deteriorating outlooks for the coming months. The drop suggests softening domestic demand and may weigh on Brazil's growth trajectory, though the current situation component was not detailed. This is a monthly sentiment data point, not a hard activity print, so its market impact is moderate.