Industrial Cost Indicator
The Industrial Cost Indicator (ICI) was developed by CNI to capture the evolution of costs and their impact on the competitiveness of Brazilian industry. It is calculated quarterly and makes it possible to keep track of the short term evolution of costs, which is key for building and evaluating policies and actions in favor of competitiveness. The indicator began to be published in January 2013, but its historical series goes back to 2006.
Industrial Costs Indicator Falls Again in the First Quarter of 2024
In the first quarter of 2024, Brazil's Industrial Costs Indicator (ICI), reflecting costs in the Manufacturing Industry, fell by 1.0% compared to Q4 2023. This decline was driven by a 1.4% drop in production costs and a 2.0% decrease in capital costs, though offset partially by a 1.7% rise in tax costs. Despite this decrease, the indicator remains significantly high, standing 28.8% above pre-pandemic levels as of Q1 2020.
July 4, 2024
