Brazil’s Industrial Business Confidence Index fell 1.4 points to 44.9 in September 2026, remaining below the 50-point threshold and marking 21 consecutive months of pessimism. The Current Conditions Index dropped 2.5 points to 40.2, driven mainly by a more negative assessment of the economic environment. The index for Brazil’s economy fell 3.6 points to 33.0, while the measure of companies’ own conditions declined 1.9 point to 43.8. The Expectations Index also deteriorated, falling 0.9 point to 47.2, as expectations for the Brazilian economy dropped 0.6 point to 39.1. Expectations for companies’ own conditions fell 1.0 point to 51.3. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil decreased to 44.90 points in September from 46.30 points in August of 2026. Business Confidence in Brazil averaged 53.75 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 September of 2026.

Business Confidence in Brazil decreased to 44.90 points in September from 46.30 points in August of 2026. Business Confidence in Brazil is expected to be 45.70 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
2026-08-13 02:00 PM
Business Confidence
Aug 46.3 44.4 44.8
2026-09-14 05:30 PM
Business Confidence
Sep 44.9 46.3 45.7
2026-10-14 05:00 PM
Business Confidence
Oct 44.9


Related Last Previous Unit Reference
Business Confidence 44.90 46.30 points Sep 2026
Capacity Utilization 76.80 78.10 percent Jun 2026
Car Production MoM 271200.00 253860.00 Units Aug 2026
New Car Registrations MoM 275100.00 279544.00 Units Aug 2026
Changes in Inventories 51550.00 73060.00 BRL Million Jun 2026
Composite Leading Indicator 102.63 102.94 points Aug 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY -0.50 1.70 percent Jul 2026
Industrial Production MoM 0.20 -1.60 percent Jul 2026
IBC-BR Economic Activity -0.20 -0.60 percent Jul 2026
Manufacturing Production -1.10 1.00 percent Jul 2026
Mining Production 2.50 5.80 percent Jul 2026
Small Business Sentiment 46.20 46.30 points Jul 2026
Steel Production 2800.00 2800.00 Thousand Tonnes Jul 2026
Total Vehicle Sales 212691.00 212879.00 Units Jul 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
44.90 46.30 68.30 34.50 2004 - 2026 points Monthly

News Stream
Brazil Industrial Pessimism Deepens in September
Brazil’s Industrial Business Confidence Index fell 1.4 points to 44.9 in September 2026, remaining below the 50-point threshold and marking 21 consecutive months of pessimism. The Current Conditions Index dropped 2.5 points to 40.2, driven mainly by a more negative assessment of the economic environment. The index for Brazil’s economy fell 3.6 points to 33.0, while the measure of companies’ own conditions declined 1.9 point to 43.8. The Expectations Index also deteriorated, falling 0.9 point to 47.2, as expectations for the Brazilian economy dropped 0.6 point to 39.1. Expectations for companies’ own conditions fell 1.0 point to 51.3.
2026-09-14
Brazil Industrial Confidence Improves in August
Brazil’s Industrial Business Confidence Index rose 1.9 points to 46.3 in August 2026 from 44.4 in July, ending a two-month streak of consecutive declines. Despite the improvement, the index remained below the 50-point threshold, marking the 20th consecutive month of lack of confidence. The Current Conditions Index rose 1.1 points to 42.7 as negative assessments became less intense and widespread. The improvement reflected better assessments of Brazil’s current economic conditions, which rose 1.9 points to 36.6, and companies’ own conditions, which increased 0.6 point to 45.7. The Expectations Index rose 2.3 points to 48.1, recovering part of the 3.1-point decline recorded in July and indicating that expectations for the next six months remained negative, although pessimism eased. Expectations for the Brazilian economy rose 2.5 points to 39.7, while expectations for companies’ own businesses increased 2.2 points to 52.3, signaling a return to optimism.
2026-08-13
Brazil Industrial Confidence Weakest Since 2020
Brazil’s Industrial Business Confidence Index fell 2.3 points to 44.4 in July 2026 from the previous month, marking its second consecutive decline and the 19th consecutive reading below the 50-point threshold, according to the National Confederation of Industry (CNI). The reading was also the lowest since June 2020, reflecting more widespread pessimism among manufacturers. The Current Conditions Index slipped 0.7 point to 41.6, as assessments of the Brazilian economy fell 1.3 points to 34.7 and firms’ own conditions declined 0.3 point to 45.1, indicating businesses continued to view conditions as worse than six months earlier. Meanwhile, the Expectations Index dropped 3.1 points to 45.8, its steepest decline since November 2022. Expectations for the Brazilian economy fell 3.8 points to 37.2, while firms’ own outlook weakened 2.7 points to 50.1, nearly eliminating the optimism recorded in previous months.
2026-07-14