The Service Confidence Index (ICS) dropped by 0.6 points in May, reaching 94.2 points. This marks the second consecutive decline, according to the Getúlio Vargas Foundation (FGV) on May 29. However, the index remained stable in three-month moving averages compared to April. FGV/Ibre economist Stéfano Pacini highlighted that service sector confidence fell for the third […]
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