Brazil’s Industrial Business Confidence Index rose 2 points to 47.2 in May 2026, ending a three-month sequence of declines, though it remained below the 50-point threshold that separates optimism from pessimism. The Current Conditions Index increased 2.4 points to 42.9, reflecting improved assessments of both companies’ current conditions (+2.2 points to 46.3) and the broader Brazilian economy (+2.9 points to 36.1), although perceptions remained negative overall. Meanwhile, the Expectations Index rose 1.7 points to 49.3, moving closer to the neutral 50 mark and signaling less pessimistic views for the next six months. Expectations for the Brazilian economy increased 2.2 points to 40.9, while confidence regarding firms’ own outlook improved 1.5 points to 53.5. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil increased to 47.20 points in May from 45.20 points in April of 2026. Business Confidence in Brazil averaged 53.90 points from 2004 until 2026, reaching an all time high of 68.30 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 May of 2026.

Business Confidence in Brazil increased to 47.20 points in May from 45.20 points in April of 2026. Business Confidence in Brazil is expected to be 46.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Business Confidence is projected to trend around 48.50 points in 2027 and 52.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-15 02:00 PM
Business Confidence
Apr 45.2 46.6 46
2026-05-15 02:00 PM
Business Confidence
May 47.2 45.2 46
2026-06-12 01:40 PM
Business Confidence
Jun 47.2 46.5


Related Last Previous Unit Reference
Business Confidence 47.20 45.20 points May 2026
Capacity Utilization 78.00 75.90 percent Mar 2026
Car Production MoM 264000.00 204300.00 Units Mar 2026
New Car Registrations MoM 269500.00 185200.00 Units Mar 2026
Changes in Inventories -113828.00 16607.34 BRL Million Dec 2025
Composite Leading Indicator 104.02 103.64 points Apr 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 4.30 -0.70 percent Mar 2026
Industrial Production MoM 0.10 0.90 percent Mar 2026
IBC-BR Economic Activity 0.60 0.80 percent Feb 2026
Manufacturing Production 4.20 -2.60 percent Mar 2026
Mining Production 4.70 10.10 percent Mar 2026
Small Business Sentiment 44.60 46.10 points Apr 2026
Steel Production 2800.00 2500.00 Thousand Tonnes Mar 2026
Total Vehicle Sales 187313.00 206361.00 Units Apr 2026


Brazil Business Confidence
In Brazil, the Industrial Entrepreneur Confidence Index (ICEI) measures the current situation of businesses and their future prospects. The survey covers about 2,500 companies in the 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.
Actual Previous Highest Lowest Dates Unit Frequency
47.20 45.20 68.30 34.50 2004 - 2026 points Monthly

News Stream
Brazil Industrial Confidence Rises in May
Brazil’s Industrial Business Confidence Index rose 2 points to 47.2 in May 2026, ending a three-month sequence of declines, though it remained below the 50-point threshold that separates optimism from pessimism. The Current Conditions Index increased 2.4 points to 42.9, reflecting improved assessments of both companies’ current conditions (+2.2 points to 46.3) and the broader Brazilian economy (+2.9 points to 36.1), although perceptions remained negative overall. Meanwhile, the Expectations Index rose 1.7 points to 49.3, moving closer to the neutral 50 mark and signaling less pessimistic views for the next six months. Expectations for the Brazilian economy increased 2.2 points to 40.9, while confidence regarding firms’ own outlook improved 1.5 points to 53.5.
2026-05-15
Brazil Business Confidence Falls to Lowest Since June 2020
Brazil's Industrial Business Confidence Index fell 1.4 points to 45.2 in April 2026, marking the lowest level since June 2020 and the third consecutive monthly decline. The Current Conditions Index dropped 1.6 points to 40.5, driven primarily by a 3.2-point fall in entrepreneurs' assessment of Brazil's economic conditions to 33.2 points, while the index for current company conditions declined 0.8 points to 44.1 points. The Expectations Index also weakened, falling 1.2 points to 47.6, as the expectations index for Brazil's economy slid 1.7 points to 38.7 points, reflecting deepening pessimism, while expectations for their own companies fell 1.0 point to 52.0 points, signaling reduced optimism.
2026-04-15
Brazil’s Industrial Confidence Falls in March
Brazil’s Industrial Business Confidence Index fell 1.6 points to 46.6 in March 2026, marking its second straight decline and nearly erasing all gains since August 2025. The Current Conditions Index dropped to 42.1 from 43.8, reflecting worsening views on both the national economy and company-specific situations. The Expectations Index fell to 48.8 from 50.4, dipping below 50 for the first time since November 2025, signaling negative outlooks for the next six months. This shift reflects growing uncertainty among industrial leaders, driven by persistent macroeconomic headwinds, high interest rates, and geopolitical risks, particularly the Middle East conflict affecting global commodity markets and trade. Businesses are turning more cautious, with broader economic sentiment outweighing any remaining resilience in company-level forecasts.
2026-03-18