Industry confidence is higher

23 de novembro de 2017

Survey by the National Confederation of Industry shows that industry confidence improved in Brazil in 0.5 point in November over October.

Brasília – A survey released this Thursday (23) by the National Confederation of Industry (CNI) shows that the Business Confidence Index (ICEI) increased 0.5 point in November in comparison to October, reaching 56.6 points. It’s the best mark since April 2013.

The mining industry is the most confident and reached 57.5 points. Another good mark was registered by the manufacturing industry, with 56.9 points. In the construction industry, the index reached 54.4 points.

According to CNI, the increase in confidence in November is the result of the improvement in the perception of the industry about the current business and economic conditions. “There’s a decrease of interest rates, inflation and unemployment. The economy is in a better moment than six months ago,” explained CNI’s economist, Marcelo Azevedo.

*Translated by Sérgio Kakitani