The Industrial Entrepreneur Confidence Index in Brazil rose to 57.4 in July 2019 from 56.9 in the previous month, boosted by an improvement in expectations over the next six months regarding the company's situation (63.4 from 63.1 in June) and the country's economic situation (59.6 from 58.7). In addition, the gauge measuring the current economic situation increased to 45.4 from 44.9 a month earlier, while the company's current situation deteriorated (47.8 from 49.0). Among sectors, confidence strengthened among constructors (58.7 from 57.0) and miners (58.3 from 54.3), but declined among manufacturers (56.9 from 57.1). Business Confidence in Brazil averaged 54.13 Index Points from 2004 until 2019, reaching an all time high of 68.50 Index Points in January of 2010 and a record low of 35 Index Points in October of 2015.
Business Confidence in Brazil is expected to be 58.00 Index 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 62.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 65.00 Index Points in 2020, according to our econometric models.