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.