Industry confidence hits 19-month high

15 de junho de 2016

Brasília – Brazil’s industrialist confidence index Índice de Confiança do Empresário Industrial (Icei) climbed to 45.7 points in June, the highest score since November 2014. It was the second straight month of improvement in confidence, the National Federation of Industry (CNI) said this Wednesday (15). The index was up 4.4 points over May.

Still, the indicator remains below both the 50-point threshold and the historical average of 54.3 points, CNI has noted. Icei scores range from 0 to 100. Scores lower than 50 show lack of confidence.

According to CNI, the indicator improved the most amid large businesses, whose combined score reached 47.7 in June, the highest level in 24 months. Small business confidence went from 38.8 points in May to 43.1 points in June.

CNI also said the index comparing the current scenario to the past six months reached 45.7 points in June, up five points from May. Expectations for the next six months went from 47 points in May to 51.1 points in June, showing that industrial business owners are optimistic about the future.

*Translated by Gabriel Pomerancblum