Services advance while retail loses strength

The recent economic scenario combines mixed signals between the international environment and local indicators, with a direct influence on expectations for inflation, interest rates, and exchange rates, according to a report from Rabobank. The reopening of the U.S. government after a prolonged period has not yet fully normalized the pace of activities, while employment data shows moderate job creation and an increase in the unemployment rate. According to the analysis, Brazilian monetary policy remains under a more restrictive tone after the release of the latest minutes, which reinforces concern over inflationary pressures. The document indicates that the impact of the expansion of the income tax exemption has already been incorporated into the official projections. At the same time, inflation for October was below expectations, influenced mainly by the drop in electricity, which led the index to approach the upper limit of the target. Activity shows uneven behavior. The service ...