The Industrial Entrepreneur Confidence Index in Brazil fell to 64.8 in February 2020 from 65.3 in the previous month. Expectations over the next six months regarding the country's economic situation (66.8 from 67.9 in January) and the company's situation (68.4 from 68.8) deteriorated. Also, the gauge measuring the current economic situation (60 from 61.5) and the company's current situation (57.6 from 57.7) dropped. Among sectors, confidence weakened in manufacturing (65.2 from 65.7) and construction (62.9 from 64) while strengthened in mining (65.1 from 63.7).
Business Confidence in Brazil averaged 54.51 points from 2004 until 2020, reaching an all time high of 68.50 points in January of 2010 and a record low of 35 points in October of 2015. This page provides - Brazil Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Confederacao Nacional da Industria (CNI)
Business Confidence in Brazil is expected to be 64.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Brazil to stand at 62.00 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 62.00 points in 2021 and 65.00 points in 2022, according to our econometric models.