ICEI-Business Confidence Index
As a leading indicator of industrial performance, the ICEI detects shifts in industrial production trends. The data required for building the ICEI index are collected in tandem with the Industrial Survey and the Construction Survey. Confidence indices are made available for three company sizes (small, medium and large), for the five Brazilian geographic regions, and for the different sectors of the mining and quarrying, manufacturing, and construction industries.
Pessimism towards the Brazilian economy removes confidence from the industry from a positive level in July
In July 2024, the Industrial Entrepreneur Confidence Index (ICEI) recorded a drop of 1.3 points, falling to 50.1 points. With the drop, the industry makes a transition from a state of confidence to a neutral state, where there is neither confidence nor a lack of it. A worsening evaluation of the Brazilian economy by the industry was decisive for this result: the perception of current conditions and expectations regarding the Brazilian economy recorded a significant decline in July.
July 17, 2024
