The Business Confidence Index (ICE), calculated by the Getulio Vargas Foundation (FGV), grew 2.7 points from March to April this year. It is the second consecutive rise of the indicator that reached 94.5 points, on a scale of 0 to 200 points. It was the highest level since November last year (96.4 points).
The ICE consolidates the business confidence indices of the four economic segments surveyed by FGV: industry, services, construction and commerce.
The Current Situation Index, which measures business confidence in the present, rose 3.6 points to 95.7 points. The Expectations Index, which measures the perception of the business community in relation to the coming months, rose 2 points and reached 94.4 points.
Among the four sectors that make up the ICE, only trade confidence dropped between March and April: -0.9 point. With this decline, the sector remains with the worst result: 85.9 points.
On the other hand, construction had the highest increase (4.8 points) and reached the highest level among the four sectors: 97.7 points. Services rose 4 points to 96.2 points, while industry confidence rose 2.4 points to 97.4 points.
