The Business Confidence Index (ICE), measured by the Getulio Vargas Foundation (FGV), dropped 0.5 point from January to February this year. It’s the fourth consecutive drop. With that, the ICE reached 91.1 points on a scale of 0 to 200 points, the lowest level since April 2021 (89.6 points).
The indicator consolidates the confidence indices of the four economic sectors surveyed: industry, civil construction, commerce and services. The Current Situation Index, which assesses the perception of entrepreneurs about the present, dropped 3.2 points and reached 88.1 points.
The Expectations Index, which measures business confidence in the future, rose 1.9 points to 93.3 points.
Among the four sectors, two showed a decline. Service confidence dropped two points to 89.2 points. The industry retreated 1.7 points, but continues to have the highest score among the segments (96.7 points).
At the same time, two sectors were up. Construction confidence rose 0.9 points to 93.7 points. Trade grew by 2.1 points, but remained the worst indicator among the four segments (87 points).
