The Industrial Entrepreneur Confidence Index in Brazil rose to 62.9 in November of 2020 from 61.8 in the previous month. It was the highest reading since February, amid the ongoing easing of coronavirus restrictions. The gauge measuring the current economic situation (55.6 from 51.9 in October) and the company's current situation (61.1 from 58.5) improved. Additionally, expectations over the next six months regarding the country's economic situation (61.2 from 60.6) and the company's situation (66.7 from 66.4) increased. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil averaged 54.32 points from 2004 until 2020, reaching an all time high of 68.50 points in January of 2010 and a record low of 34.50 points in April of 2020. This page provides - Brazil Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Business Confidence in Brazil is expected to be 62.70 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 63.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 62.80 points in 2021 and 63.00 points in 2022, according to our econometric models.

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Brazil Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
62.90 61.80 68.50 34.50 2004 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 01:40 PM Aug 57 47.6 47.1
2020-09-15 01:30 PM Sep 61.6 57 58
2020-10-13 06:30 PM Oct 61.8 61.6 62
2020-11-13 01:30 PM Nov 62.9 61.8 62
2020-12-16 02:00 PM Dec 62.9 62.7
2021-01-22 01:10 PM Jan
2021-02-19 02:00 PM Feb
2021-03-18 01:30 PM Mar


News Stream
Brazil Business Morale Rises to 9-Month High
The Industrial Entrepreneur Confidence Index in Brazil rose to 62.9 in November of 2020 from 61.8 in the previous month. It was the highest reading since February, amid the ongoing easing of coronavirus restrictions. The gauge measuring the current economic situation (55.6 from 51.9 in October) and the company's current situation (61.1 from 58.5) improved. Additionally, expectations over the next six months regarding the country's economic situation (61.2 from 60.6) and the company's situation (66.7 from 66.4) increased.
2020-11-13
Brazil Business Morale at 8-Month High
The Industrial Entrepreneur Confidence Index in Brazil increased to 61.8 in October of 2020 from 61.6 in the previous month. It was the highest reading since February, boosted by an improvement in the gauge measuring the current economic situation (51.9 from 49.5 in September) and the company's current situation (58.5 from 57.3). However, expectations over the next six months regarding the country's economic situation (60.6 from 61.2) and the company's situation (66.4 from 67.1) deteriorated.
2020-10-13
Brazil Business Sentiment Improves in September
The Industrial Entrepreneur Confidence Index in Brazil rose to 61.6 in September 2020 from 57 in the previous month. It was the highest reading in seven months, amid the easing of coronavirus lockdown measures. Expectations over the next six months regarding the country's economic situation (61.2 vs 57.4 in August) and the company's situation (57.1 vs 64.5) improved. In addition, the gauge measuring the current economic situation (49.5 vs 41.3) and the company's current situation (57.3 vs 49.7) increased.
2020-09-15
Brazil Business Morale Continues to Recover
The Industrial Entrepreneur Confidence Index in Brazil jumped to 57 in August 2020 from 47.6 percent in the previous month, recovering further from an all-time low of 34.5 reached in April. It was the highest reading in five months amid the easing of coronavirus lockdown restrictions. Expectations over the next six months regarding the country's economic situation (57.4 vs 48.5 in July) and the company's situation (64.5 vs 57) improved. In addition, the gauge measuring the current economic situation (41.3 vs 27.9) and the company's current situation (49.7 vs 37.8) rose.
2020-08-12

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.