The Industrial Entrepreneur Confidence Index in Brazil rose to 56.9 in June 2019 from 56.5 in the previous month. Expectations over the next six months rose to 61.7 from 60.8 in May, namely regarding the company's situation (63.1 from 62.2) and the country's economic situation (58.7 from 58). Meanwhile, the assessment for current conditions deteriorated (47.6 from 47.8), of which the country's economic situation (44.9 from 45.6) and the company's situation (at 49, the same as in May). Among sectors, confidence weakened in mining (54.3 from 56.5) while strengthened in construction (57 from 55.8) and manufacturing (57.1 from 56.6). Business Confidence in Brazil averaged 54.10 Index Points from 2004 until 2019, reaching an all time high of 68.50 Index Points in January of 2010 and a record low of 35 Index Points in October of 2015.
Business Confidence in Brazil is expected to be 55.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Brazil to stand at 60.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 65.00 Index Points in 2020, according to our econometric models.