despite the recent fall industrial activity, industrial business confidence increased and reached the highest level since October last year. According to the National Confederation of Industry (CNI), the Industrial Entrepreneur Confidence Index (Icei) rose 1.3 points in June, from 56.5 to 57.8.
The index is above the historical average of 54.2 points. The Icei has a dividing line of 50 points, indicating confidence above this level and lack of confidence below this value. Released monthly, the indicator precedes industrial performance and signals the trend of industrial production for the coming months.
All components of the index rose. The Current Conditions Index advanced 2.1 points, from 49.4 points to 51.5. Upon exceeding the 50-point cutoff, the index demonstrates a transition from a negative perception to a positive perception of the industrial sector in relation to current conditions in relation to the last six months.
The Expectations Index, which measures business forecasts for the next six months, advanced one point to 61. As it moves further above the 50-point dividing line, the index indicates greater industry optimism.
According to the manager of Economic Analysis at CNI, Marcelo Azevedo, there is still suspicion about the economy in the short term, even with the recent rise in the index. The assessment of the company’s current conditions and for the next six months became more positive.
The survey surveyed 1,573 companies across the country between June 1st and 7th. Of this total, 603 are small, 592 medium and 378 large.
