(MENAFN) On September 24 the Getulio Vargas Foundation (FGV) stated that retail trade assurance in Brazil augmented 3 points in September for the fifth uninterrupted month of amplified hopefulness, mountaineering back up and about to the pre-pandemic level.
The financial think tank's Retail Trade Confidence Index attained 99.6 points in September and enlarged 5.1 points in the third section.
The account stated that "In September, retail trade confidence maintained the positive path started in May, reaching the pre-pandemic level. The increase, as in the previous month, was influenced by the improvement in perception of the current moment and by the gradual increase in expectations in relation to the coming months,".
The account added that "This combination suggests a more favorable perception of the sector regarding the recovery of sales volume in the month, but still cautiously projecting the coming months, potentially influenced by the proximity of the end of the aid programs, the slow recovery of confidence of consumers and the challenging job market scenario,".
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