Overview

• The Services Confidence Index rose 1.9 points to 89.0 after three monthly declines, driven by a 2.7-point gain in current conditions to 93.9 and a 1.1-point rise in expectations to 84.2.
• Within services, the six‑month business trend jumped 6.1 points to 87.2 while expected demand slipped 3.8 points to 81.4.
• The Commerce Confidence Index increased 1.6 points to 84.7, with the current-situation index at 88.2, current demand at 90.2, and expectations at 82.0.
• FGV noted gains in five of the six main retail segments and highlighted brighter results in household services and telecommunications.
• FGV’s Stéfano Pacini and Geórgia Veloso said the gains reflect stabilization at low levels given tight monetary policy and elevated household debt; the services survey collected 1,329 responses from Sept. 1–26.