Brazil’s industrial entrepreneurs maintain confidence in the economy

The index that measures the confidence that Brazilian industrial entrepreneurs attribute to the domestic economy, the ICEI index, was stable in July from June at 57.8 points, according to a statement from the CNI sector confederation.

According to the CNI, the level in the last two months is the highest since October 2021, which reflects a mostly positive outlook for the coming months. The ICEI index is based on figures from current conditions and expectations, which were thought to reach the ICEI index.

The current conditions index decreased slightly from 51.5 points in June to 51.1 points in July, still showing a slightly positive rating, as 50 points is the line that separates optimism from pessimism.

On the same comparative basis, the index of expectations increased by 0.1 points to 61.1 points, which continues to show that the industrial sector is far more optimistic about the future than about the current conditions of the economy.

The survey was conducted from July 1 to 7, among 1,571 representatives of large, medium and small industries. According to analysts, the results are influenced by the prospect of lower inflation in the coming months, with positive expectations, fueled by recent polls, in relation to the general election in October.

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