The Industrial Entrepreneur Confidence Index in Brazil rose to 47.6 in July 2020, recovering from 34.7 in May and April’s all-time low of 34.5, amid the easing of coronavirus lockdown restrictions. Expectations over the next six months regarding the country's economic situation (48.5 vs 42.2 in June) and the company's situation (57 vs 50.7) improved. Additionally, the gauge measuring the current economic situation (27.9 vs 21) and the company's current situation (37.8 vs 31.1) increased.

Business Confidence in Brazil averaged 54.20 points from 2004 until 2020, 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 2020. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil is expected to be 40.00 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 51.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 55.00 points in 2021 and 59.00 points in 2022, according to our econometric models.

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Brazil Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
47.60 41.20 68.50 34.50 2004 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-24 12:30 PM Apr 34.5 60.3 45
2020-05-20 02:00 PM May 34.7 34.5 30
2020-06-24 01:30 PM Jun 41.2 34.7 38
2020-07-10 01:45 PM Jul 47.6 41.2 42
2020-08-20 02:00 PM Aug 47.6 47.1
2020-09-21 02:00 PM Sep 46
2020-10-21 02:00 PM Oct
2020-11-19 02:00 PM Nov


News Stream
Brazil Business Sentiment Continues to Recover in July
The Industrial Entrepreneur Confidence Index in Brazil rose to 47.6 in July 2020, recovering from 34.7 in May and April’s all-time low of 34.5, amid the easing of coronavirus lockdown restrictions. Expectations over the next six months regarding the country's economic situation (48.5 vs 42.2 in June) and the company's situation (57 vs 50.7) improved. Additionally, the gauge measuring the current economic situation (27.9 vs 21) and the company's current situation (37.8 vs 31.1) increased.
2020-07-10
Brazil Business Morale Improves in June
The Industrial Entrepreneur Confidence Index in Brazil increased to 41.2 in June 2020 from 34.7 in the previous month, amid the reopening of the economy following coronavirus lockdown restrictions. Expectations over the next six months regarding the country's economic situation (42.2 vs 33.8 in May) and the company's situation (50.7 vs 42.3) improved. In addition, the gauge measuring the current economic situation (21 vs 20) and the company's current situation (31.1 vs 27.9) rose. Among sectors, confidence strengthened in manufacturing (42.6 vs 34.7), mining (50.8 vs 47.3) and construction (37.6 vs 34.8).
2020-06-24
Brazil Business Sentiment Remains Weak in May
The Industrial Entrepreneur Confidence Index in Brazil rose to 34.7 in May 2020 from a record low of 34.5 in the previous month. Still, it was the second lowest reading on record amid the coronavirus pandemic. Expectations over the next six months regarding the country's economic situation (33.8 vs 29.9 in April) and the company's situation (42.3 vs 37.2) improved. Meanwhile, the gauge measuring the current economic situation (20 vs 30.7) and the company's current situation (27.9 vs 35.8) declined.
2020-05-20
Brazil Business Morale Falls to Record Low
The Industrial Entrepreneur Confidence Index in Brazil declined to 34.5 in April 2020 from 60.3 in the previous month. It was the lowest reading since on record, as expectations over the next six months regarding the country's economic situation (29.9 vs 60.9 in March) and the company's situation (37.2 vs 64.5) deteriorated. In addition, the gauge measuring the current economic situation (30.7 vs 53.8) and the company's current situation (35.8 vs 54.6) dropped. Among sectors, sentiment weakened in manufacturing (34.3 vs 60.5), construction (34.8 vs 59.3) and mining (39.1 vs 60.5).
2020-04-24

Brazil Business Confidence
In Brazil, the Industrial Entrepreneur Confidence Index (ICEI) measures the current situation of businesses and its future prospects. The survey covers about 2,500 companies in 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.