Brazil Commerce Confidence Falls to 81.3, Lowest Since March 2021

FGV Ibre's Commerce Confidence Index dropped 2.9 points to 81.3 in September, the lowest since March 2021, with quarterly moving averages down 1.2 points to 83.7. The decline reflects deteriorating assessments of the present moment, suggesting weakening demand. This signals a potential slowdown in Brazilian consumer spending, which could weigh on growth.