The Industrial Entrepreneur Confidence Index in Brazil fell to 56.5 in May 2019 from 58.4 in the previous month. It was the lowest reading in seven months, as the assessment for current conditions worsened (47.8 from 49.8 in April), namely the country's economic situation (45.6 from 49.4) and the company's situation (49 from 50.1). Also, future expectations deteriorated (60.8 from 62.6), of which the company's situation (62.2 from 63.7) and the country's economic situation (58 from 60.7). Among sectors, confidence weakened in construction (55.8 from 56.4); manufacturing (56.6 from 58.9) and mining (56.5 from 61.1).58.40 Index Points in April of 2019. Business Confidence in Brazil averaged 54.08 Index Points from 2004 until 2019, reaching an all time high of 68.50 Index Points in January of 2010 and a record low of 35 Index Points in October of 2015.
Business Confidence in Brazil is expected to be 60.10 Index 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 64.60 in 12 months time. In the long-term, the Brazil Business Confidence is projected to trend around 65.00 Index Points in 2020, according to our econometric models.