The industry confidence indicator in Brazil edged up to a seven-month high of 62.0 in July 2021, from 61.7 in the previous month. It was also the highest reading for a month of July since 2010, mainly due to the more positive perception of the conditions of the Brazilian economy. The index measuring entrepreneurs' assessment of the current economy rose to 54.4 from 52.8 in June, and the gauge for economic expectations increased to 62.4 from 61.9. In addition, the company's current situation improved (56.4 from 55.8), while the company's outlook deteriorated slightly. source: Confederacao Nacional da Industria (CNI)
Business Confidence in Brazil averaged 54.57 points from 2004 until 2021, 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 August of 2021.
Business Confidence in Brazil is expected to be 60.00 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 55.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 63.00 points in 2022, according to our econometric models.