The Industrial Entrepreneur Confidence Index in Brazil rose to 65.3 in January 2020 from 64.3 in the previous month. It was the highest reading since June 2010, driven by an improvement in the gauge measuring the current economic situation (61.5 from 59.2 in December) and the company's current situation (57.7 from 57.6). In addition, expectations over the next six months regarding the country's economic situation (67.9 from 66.5) and the company's situation (68.8 from 67.9) increased. Among sectors, confidence strengthened in manufacturing (65.7 from 64.6) and construction (64 from 63.1) while weakened in mining (63.7 from 65). Business Confidence in Brazil averaged 54.44 points from 2004 until 2020, reaching an all time high of 68.50 points in January of 2010 and a record low of 35 points in October of 2015. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil is expected to be 64.00 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 62.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 65.00 points in 2020, according to our econometric models.

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Brazil Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
65.30 64.30 68.50 35.00 2004 - 2020 points Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 02:00 PM Oct 59.3 59.4 60
2019-11-20 02:00 PM Nov 62.5 59.3 59.5
2019-12-18 01:10 PM Dec 64.3 62.5 61
2020-01-23 01:10 PM Jan 65.3 64.3 65
2020-02-20 02:00 PM Feb 65.3 64.5


News Stream
2019-12-18
Brazil Business Morale at 10-Month High in December
The Industrial Entrepreneur Confidence Index in Brazil increased to 64.3 in December 2019 from 62.5 in the previous month. It was the highest reading since February, boosted by an improvement in the gauge measuring the current economic situation (59.2 from 56.7 in November) and the company's current situation (57.6 from 56.1). Also, expectations over the next six months regarding the country's economic situation (66.5 from 64.2) and the company's situation (67.9 from 66.3) increased. Among sectors, confidence strengthened in manufacturing (64.6 from 62.6); mining (65 from 64.8) and construction (63.1 from 62).

2019-11-20
Brazil Business Morale at 9-Month High in November
The Industrial Entrepreneur Confidence Index in Brazil rose to 62.5 in November 2019 from 59.3 in the previous month. It was the highest reading in nine months, as the gauge measuring the current economic situation (56.7 from 51.8 in September) and the company's current situation (56.1 from 52.3) increased. Also, expectations over the next six months regarding the country's economic situation (64.2 from 61.1) and the company's situation (66.3 from 63.8) improved.

2019-10-18
Brazil Business Morale Falls Slightly in October
The Industrial Entrepreneur Confidence Index in Brazil decreased to 59.3 in October 2019 from 59.4 in the previous month. Expectations over the next six months regarding the country's economic situation (61.1 from 61.2 in September) and the company's situation (63.8 from 64.3) deteriorated. Meanwhile, the gauge measuring the current economic situation rose to 51.8 from 51.3 in September, while the company's current situation was unchanged at 52.3.

2019-09-19
Brazil Business Sentiment Steady at 5-Month High
The Industrial Entrepreneur Confidence Index in Brazil was at 59.4 in September 2019, the same as in the previous month. The gauge measuring the current economic situation increased to 51.3 from 50.7 in August, and the company's current situation rose to 52.3 from 51.2. Meantime, expectations over the next six months regarding the country's economic situation deteriorated (61.2 from 62.2) while the company's situation outlook was unchanged (at 64.3).

2019-08-20
Brazil Business Sentiment at 5-Month High in August
The Industrial Entrepreneur Confidence Index in Brazil increased to 59.4 in August 2019 from 57.4 in the previous month, driven by an improvement in expectations over the next six months regarding the country's economic situation (62.2 from 59.6 in July) and the company's situation (64.3 from 63.4). Also, the gauge measuring the current economic situation rose to 50.7 from 45.4 in the prior month, and the company's current situation went up to 51.2 from 47.8. Among sectors, confidence strengthened in mining (59.7 from 58.3) and construction (58.8 from 58.7) while weakened in manufacturing (59.5 from 56.9).

2019-07-18
Brazil Industry Morale Improves in July
The Industrial Entrepreneur Confidence Index in Brazil rose to 57.4 in July 2019 from 56.9 in the previous month, boosted by an improvement in expectations over the next six months regarding the company's situation (63.4 from 63.1 in June) and the country's economic situation (59.6 from 58.7). In addition, the gauge measuring the current economic situation increased to 45.4 from 44.9 a month earlier, while the company's current situation deteriorated (47.8 from 49.0). Among sectors, confidence strengthened among constructors (58.7 from 57.0) and miners (58.3 from 54.3), but declined among manufacturers (56.9 from 57.1).


Brazil Business Confidence
In Brazil, the Industrial Entrepreneur Confidence Index (ICEI) measures the current situation of businesses and its future prospects. The survey covers about 2,500 companies in construction, mining and manufacturing industries. The questionnaire is made by phone and focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator varies on a scale of 0 to 100 where 50 indicates neutrality, 0 indicates extreme lack of confidence and 100 extreme confidence.

Brazil Business Last Previous Highest Lowest Unit
Services PMI 51.00 50.90 57.10 36.90 points [+]
Business Confidence 65.30 64.30 68.50 35.00 points [+]
Manufacturing PMI 50.20 52.90 53.50 41.60 points [+]
Composite Pmi 50.90 51.80 55.50 38.30 Index [+]
Industrial Production -1.70 1.00 37.20 -27.70 percent [+]
Industrial Production Mom -1.20 0.80 25.10 -24.40 percent [+]
Manufacturing Production -0.60 2.30 18.90 -17.00 percent [+]
Capacity Utilization 78.20 78.00 84.60 75.90 percent [+]
Changes in Inventories 24590.09 -2847.56 31767.86 -61243.01 BRL Million [+]
Car Production 170500.00 227455.00 352531.00 2144.00 Units [+]
Car Registrations 263.00 242.00 420.00 2.00 Thousand [+]
Total Vehicle Sales 215348.00 196769.00 325722.00 23705.00 [+]
Leading Economic Index 0.18 0.09 3.23 -3.37 percent [+]
Small Business Sentiment 62.20 61.50 65.40 34.50 [+]
Internet Speed 6819.06 6391.73 6819.06 698.35 KBps [+]
IP Addresses 26855780.00 26798386.00 35093076.00 5857696.00 IP [+]
Mining Production -8.90 -7.30 21.40 -22.80 percent [+]
Competitiveness Index 60.93 59.51 60.93 3.98 Points [+]
Competitiveness Rank 71.00 72.00 75.00 48.00 [+]
Ease of Doing Business 124.00 109.00 129.00 109.00 [+]
Corruption Index 35.00 35.00 43.00 27.00 Points [+]
Corruption Rank 106.00 105.00 106.00 36.00 [+]
Steel Production 2604.00 2597.00 3269.00 918.00 Thousand Tonnes [+]