The Industrial Business Confidence Index (ICEI), released this Tuesday (12) by the National Confederation of Industry (CNI), recorded a decline of 0.6 points from October to November. With the drop, the indicator went from 53.2 points to 52.6 points.
Released every month, the ICEI is made up of two components: the Current Conditions Index and the Expectations Index.
“Both quantify the perception of industrialists in relation to their own businesses and the country’s economy”, records a note released by the CNI.
In the current edition, 1,209 companies were consulted, of which 482 are small, 455 medium-sized and 272 large. Data collection took place between November 1st and 7th, 2024.
According to the results, the Current Conditions Index fell 0.5 points, closing at 48.3 points. In a note, the CNI points out that this variation was mainly influenced by the worsening of businesspeople’s perception of the current situation experienced by the country’s economy.
The Expectations Index – which projects the next six months – also registered a drop and closed at 54.7 points. The negative variation between October and November was 0.7 points.
“Businesspeople remain optimistic, although more moderately than in the previous month”, records the note released by the CNI.
The survey indicates that the drop in the Expectations Index was mainly influenced by the greater pessimism of industrialists regarding the future of the economy: this item fell 2.5 points, from 49.2 points to 46.7 points.
On the other hand, businesspeople’s projections for the future of their companies are more positive, recording 58.6 points.
