The industry confidence indicator in Brazil declined to 58 in September of 2021 from 62 in the previous month. The index fell for the first time in five months to the lowest since April, dragged down by rising inflation and uncertainties over the water crisis and the political scenario. Expectations deteriorated for both the country's economic situation (56 from 63.1 in August) and the company's situation (63.4 from 67.5). Still, business confidence remains above the long-term average of 54. source: Confederacao Nacional da Industria (CNI)
Business Confidence in Brazil averaged 54.64 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 September of 2021.
Business Confidence in Brazil is expected to be 60.00 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 63.00 points in 2022, according to our econometric models.