Trade confidence reaches its highest level since April 2013, according to FGV | Economy

The Confidence in Trade Index (ICOM) rose 5.7 points in December, from 99.4 to 105.1 points, its highest level since April 2013 (105.6). In quarterly moving average, the indicator rose 5.5 points, making it a third consecutive high.

"Trade confidence ends in 2019 with a significant peak in the fourth quarter, the first time since March 2014 that the index has surpbaded 100 points, a limit that marks the move to high levels of trust" said Rodolpho Tobler, coordinator of the FGV IBRE Trade Survey.

"After experiencing periods of turbulence throughout the year, such as the drivers' strike and the election period, traders expect an increase in sales late in the year. year and have good expectations for the beginning of 2019. The sustainability of this recovery depends

According to the FGV survey, confidence has been increased in 11 of the 13 trade segments, influenced by the improvement of entrepreneurs' perception of the current situation

The current situation index rose by 4.1 points to 97.4 points in the third quarter, followed by its highest level since April 2014 (99 , 8 points) .The expectations index also posted a third consecutive positive result, up 7.0 points to 112.5 points, the highest level since February 2011 (115.9 points).

The result of the trade accompanies the trust for the construction, also released Wednesday and which ended the year 2018 at its highest level in four years.

The Construction Sector Confidence Index (STIC) rose 0.8 points to 85.5 points in December from the previous month, its highest level since December 2014. [19659009] Several indicators showed an improvement in consumer and entrepreneur confidence. Brazilian consumer confidence has closed the year at the highest level since April 2014, according to a survey released by FGV last week.