The Industrial Entrepreneurs Confidence Index (ICEI) dropped 0.4 point in March this year compared to February, the National Industry Confederation (CNI) reported today (14). The drop comes after the index was practically stable in January. With the retreat, it went from 55.8 points in February to 55.4 points the following month.
The ICEI is the average of two components: the Current Conditions index and the Expectations index, which seeks to assess the business scenario over the next six months.
The index ranges from zero to 100 points. Values above 50 points indicate confidence in the industry sector, and the more above 50 points, the greater and more widespread is the confidence of the business community. The closer to zero, the lower the confidence.
Trust
According to the CNI, the result for March shows a slight decline in confidence in relation to February. “Despite the fall, the industry remains confident in March 2022, as it remains above the 50-point dividing line, which separates confidence from lack of confidence,” said the entity.
The CNI also informed that the main factor for maintaining the perception of confidence was the Expectations Index, which dropped 0.6 point in March, going to 58.6 points. The percentage, according to the confederation, indicates, for the next six months, expectations a little weaker and less widespread than in February.
The Current Conditions Index fell by 0.2 point due to a worsening in the perception of the current conditions of the companies themselves by the entrepreneurs, retreating from 50.6 points to 49.7 points, which is below the 50 point line. .
