Brazil’s Industrial Entrepreneur Confidence Index rose to 48.5 in January 2026 from 48.0 in December, the index remaining below the 50-point threshold for all of 2025 and signaling persistent pessimism among industrial firms. The Current Conditions Index increased to 44.0; assessments of companies’ conditions improved by 0.8 points to 47.0, while views on the Brazilian economy deteriorated by 1.1 points to 38.0. The Expectations Index advanced to 50.7, standing just above the neutrality line. Expectations for the economy worsened by 0.4 points to 42.5, while expectations for companies rose 1.2 points to 54.8. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil increased to 48.50 points in January from 48 points in December of 2025. Business Confidence in Brazil averaged 54.03 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 February of 2026.

Business Confidence in Brazil increased to 48.50 points in January from 48 points in December of 2025. Business Confidence in Brazil is expected to be 47.50 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 59.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-11 02:00 PM
Business Confidence
Dec 48.0 48.3 48.6
2026-01-21 07:00 PM
Business Confidence
Jan 48.5 48.0 48.5
2026-02-19 04:30 PM
Business Confidence
Feb 48.5


Related Last Previous Unit Reference
Business Confidence 48.50 48.00 points Jan 2026
Capacity Utilization 77.70 80.90 percent Nov 2025
Car Production MoM 184474.00 219100.00 Units Dec 2025
New Car Registrations MoM 279416.00 238600.00 Units Dec 2025
Changes in Inventories 16607.34 51495.73 BRL Million Sep 2025
Composite Leading Indicator 101.49 101.29 points Dec 2025
Corruption Index 34.00 36.00 Points Dec 2024
Corruption Rank 107.00 104.00 Dec 2024
Industrial Production YoY -1.20 -0.50 percent Nov 2025
Industrial Production MoM 0.00 0.00 percent Nov 2025
IBC-BR Economic Activity 0.70 -0.10 percent Nov 2025
Manufacturing Production -2.20 -2.20 percent Nov 2025
Mining Production 4.60 10.10 percent Nov 2025
Small Business Sentiment 46.70 46.70 points Oct 2025
Steel Production 2600.00 2800.00 Thousand Tonnes Dec 2025
Total Vehicle Sales 182044.00 192739.00 Units Nov 2025


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
48.50 48.00 68.30 34.50 2004 - 2026 points Monthly

News Stream
Brazil Business Confidence Holds in Contraction in 2026
Brazil’s Industrial Entrepreneur Confidence Index rose to 48.5 in January 2026 from 48.0 in December, the index remaining below the 50-point threshold for all of 2025 and signaling persistent pessimism among industrial firms. The Current Conditions Index increased to 44.0; assessments of companies’ conditions improved by 0.8 points to 47.0, while views on the Brazilian economy deteriorated by 1.1 points to 38.0. The Expectations Index advanced to 50.7, standing just above the neutrality line. Expectations for the economy worsened by 0.4 points to 42.5, while expectations for companies rose 1.2 points to 54.8.
2026-01-21
Brazil Industry Confidence Dips in December
Brazil’s Industrial Entrepreneur Confidence Index fell to 48.0 in December 2025 from 48.3 in November, ending a three-month streak of gains. The index remained below the 50-point threshold for all of 2025, signaling persistent pessimism among industrial firms. The Current Conditions Index slipped to 43.8: assessments of companies’ conditions fell 0.7 points to 46.2, while views on the Brazilian economy were broadly unchanged, edging up 0.1 point to 39.1. The Expectations Index eased to 50.0, halting four consecutive increases and landing exactly at the neutrality line. Expectations for the economy deteriorated by 0.4 points to 42.9, while expectations for companies dipped 0.3 points to 53.6.
2025-12-11
Brazil Business Confidence Improves but Remains Weak
Brazil’s Industrial Entrepreneur Confidence Index rose to 48.3 in November 2025 from 47.2 in October, marking the third consecutive increase but still below 50. The index for company conditions rose 0.4 points to 46.9, and for the national economy climbed 2.3 points to 39.0. The expectations index advanced 1.4 points to 50.4, showing growing optimism for the next six months. Within it, expectations for Brazil’s economy increased 2.3 points to 43.3, and for companies rose 0.7 points to 53.9. Despite the improvement, the overall confidence index has remained below 50 for eleven consecutive months, indicating continued lack of confidence though pessimism has moderated.
2025-11-13