Brazilian industry confidence at five-month high in May -FGV

The data showed that the Industry Confidence Index (ICI) increased by 2.3 points from the previous month to 99.7, reaching its highest level since December 2021 (100.1 points).

RIO DE JANEIRO, BRAZIL - Confidence in the Brazilian industry rose in May to its highest level in five months. Both perceptions of the current situation and expectations for the coming months improved, the Getulio Vargas Foundation (FGV) announced Friday (27).

The data showed that the Industry Confidence Index (ICI) increased by 2.3 points from the previous month to 99.7, reaching its highest level since December 2021 (100.1 points).

"The expectations index increased in all sectors, but the significant recovery influenced the magnitude of the increase in optimism among consumer goods manufacturers."

The index of current conditions (ISA . . .

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