Trade confidence Paulista presce

According to the Federation of trade in goods, services and tourism of the State of São Paulo (FecomercioSP), the entrepreneur confidence index of Commerce (ICEC) grew for the third consecutive month, reaching 85.1 points in July-largest result since March 2015. The high was 5.6% in comparison with the previous month and 9.8 percent compared to July 2015. Despite the increase in July, the index remains under 100 points, which means that even with the improvement, the entrepreneurs '' pessimism about the overall activity level of the economy remains.