Brazilian industry confidence index falls in November

The Industrial Entrepreneur’s Confidence Index (ICEI) fell in the 29 sectors of the Brazilian industry from October to November 2022, according to a report released yesterday evening, Thursday, Nov. 24, by the National Confederation of Industry (CNI).

The ICEI varies from 0 to 100 points, where values above 50 indicate confidence and below that figure lack of confidence.

The economist responsible for the study, Larissa Nocko, pointed out that “the sectoral results of the Industrial Business Confidence Index for November showed a generalized fall among sectors, different sizes of companies and regions of the country”.

The most significant drop was recorded in medium-sized companies, from 61.2 to 51.2 points, while in small companies, it fell from 58.7 to 51.3 points, and in large companies, from 60.5 to 51.8 points.

The decline in the ICEI was 10 points or more in nine sectors, the highest of which was 14.1 points in the wood products sector, while the smallest decrease of 4.9 points was in the beverages sector.

With the reported declines, eight sectors in the country moved from a state of confidence to a state of lack of confidence.

The confidence of industrial entrepreneurs decreased in all regions of Brazil, with the South region standing out, with a drop of 9.9 points, from 58.9 in October to 49 points in November.

Related coverage: Brazil's Central Bank warns that increased public spending may cause volatility in the financial system · Most Covid deaths in the U.S. occur in vaccinated individuals; the picture is similar in Brazil · Foreign direct investment in Brazil has risen almost 60%. Will it continue? · Shooting attacks in 2 schools in Brazil leave 3 dead and several wounded

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief