Brazil: Industrial sector shows optimism with economy in the coming months

Brazil’s Industrial Business Confidence Index (Icei) rose three points and reached the highest level since August 2021. It is the second consecutive month of improved confidence in the sector, according to the National Confederation of Industry (CNI).

In September, the Icei stood at 62.8 points. “By remaining above the 50-point dividing line, the indicator shows that the industry remains confident,” explained the CNI.

According to the entity, the improvement happened mainly in the component related to the Brazilian economy, which grew 5.9 points.

But there was an increase in all components of the index: current conditions and expectations related to the Brazilian economy and the companies themselves.

The Current Conditions Index advanced from 4.2 points to 58.4 points in September.

“By moving further above the 50-point dividing line, the indicator shows that the businessman perceives a bigger and more disseminated improvement in current conditions compared to the last six months,” says CNI.

The Expectations Index rose last month and shows “even stronger and disseminated industry optimism for the next six months. The high was 2.4 points, to 65 points.

A total of 1,469 companies were surveyed between September 1st and 8th, 573 of which were small-sized companies, 554 medium-sized companies, and 342 large-sized companies.

With information from Agência Brasil

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