Confidence in the construction industry hits the highest level in two years, reports FGV

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Construction sector confidence improved for the second consecutive month, reaching its highest level since April 2015, according to the Getulio Vargas Foundation (FGV).

The confidence indicator rose 1.4 points in April, compared to the previous month, hitting 76.4 points during the month, in seasonally adjusted terms. In comparison with April 2016, there was a 9.2-point increase.

The construction survey collected information from 689 companies between April 3 and April 24.

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