The industry confidence indicator in Brazil edged down to 56 in November of 2021, the lowest since April, from 57.8 in the previous month. All main subindexes declined including entrepreneurs’ perception of future expectations (61.7 vs 63.2 in October), current conditions (52.3 vs 53.5), economic expectations for the future (53.9 vs 56.3), and current conditions (44.3 vs 47.4). source: Confederacao Nacional da Industria (CNI)
Business Confidence in Brazil averaged 54.67 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 December of 2021.
Business Confidence in Brazil is expected to be 59.00 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 52.00 points in 2022 and 50.00 points in 2023, according to our econometric models.