Brazil Industrial Confidence Falls Further in June

Brazil’s Industrial Business Confidence Index fell 0.5 point to 46.7 in June 2026 from the previous month, marking its 18th consecutive reading below the 50-point threshold. The Current Conditions Index declined 0.6 point to 42.3, driven mainly by a 0.9-point drop in assessments of companies’ own conditions to 45.4. Meanwhile, the indicator for the broader Brazilian economy slipped 0.1 point to 36.0, signaling a perception of worsening economic conditions. The Expectations Index also weakened, falling 0.4 point to 48.9. While expectations for the Brazilian economy edged up 0.1 point to 41.0, the indicator for companies’ own prospects declined 0.7 point to 52.8.

Brazil’s Industrial Business Confidence Index rose 2 points to 47.2 in May 2026, ending a three-month sequence of declines, though it remained below the 50-point threshold that separates optimism from pessimism. The Current Conditions Index increased 2.4 points to 42.9, reflecting improved assessments of both companies’ current conditions (+2.2 points to 46.3) and the broader Brazilian economy (+2.9 points to 36.1), although perceptions remained negative overall. Meanwhile, the Expectations Index rose 1.7 points to 49.3, moving closer to the neutral 50 mark and signaling less pessimistic views for the next six months. Expectations for the Brazilian economy increased 2.2 points to 40.9, while confidence regarding firms’ own outlook improved 1.5 points to 53.5.

Brazil's Industrial Business Confidence Index fell 1.4 points to 45.2 in April 2026, marking the lowest level since June 2020 and the third consecutive monthly decline. The Current Conditions Index dropped 1.6 points to 40.5, driven primarily by a 3.2-point fall in entrepreneurs' assessment of Brazil's economic conditions to 33.2 points, while the index for current company conditions declined 0.8 points to 44.1 points. The Expectations Index also weakened, falling 1.2 points to 47.6, as the expectations index for Brazil's economy slid 1.7 points to 38.7 points, reflecting deepening pessimism, while expectations for their own companies fell 1.0 point to 52.0 points, signaling reduced optimism.