The Industry Confidence Index (ICI), measured by the Getulio Vargas Foundation (FGV), rose 2.4 points from March to April this year. This was the first increase, after eight consecutive drops of the indicator, which reached 97.4 points, on a scale of zero to 200.
Confidence increased among entrepreneurs in 11 of the 19 segments surveyed by FGV. The rise was mainly driven by the Expectations Index, which assesses the perception of business in relation to the future and which rose 3.2 points, reaching 96 points.
The component that most contributed to the growth of the Expectations Index was the production forecast for the following three months.
The Current Situation Index, which measures confidence in the present, advanced 1.4 points to 98.4. The best performing component was the current business situation.
The Industry’s Installed Capacity Utilization Level dropped 0.4 percentage point in March, to 79.8%.