The Industrial Entrepreneur Confidence Index (ICEI) in Brazil eased to 50.1 in December 2024, its third consecutive monthly decline and matching July’s fourteen-month low, down from September's peak of 53.3, the highest level since October 2022. Expectations for individual company performance deteriorated significantly to 51.9 from November's 54.7, reflecting reduced optimism for business conditions over the next six months. Broader economic expectations also weakened further, dropping to 39.4 from 42.5, highlighting a more pessimistic outlook for Brazil’s overall economy. Current business conditions edged down to 50 from 51.2, while the assessment of the current state of the Brazilian economy saw a sharper deterioration, falling to 43.3 from 46.7. source: Confederacao Nacional da Industria (CNI)

Business Confidence in Brazil decreased to 50.10 points in December from 52.60 points in November of 2024. Business Confidence in Brazil averaged 54.41 points from 2004 until 2024, reaching an all time high of 68.30 points in January of 2010 and a record low of 34.50 points in April of 2020. This page provides - Brazil Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Business Confidence in Brazil decreased to 50.10 points in December from 52.60 points in November of 2024. Business Confidence in Brazil is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Business Confidence is projected to trend around 55.00 points in 2025 and 53.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-12 01:00 PM
Business Confidence
Nov 52.6 53.2 52.9
2024-12-11 02:00 PM
Business Confidence
Dec 50.1 52.6 51
2025-01-15 05:00 PM
Business Confidence
Jan 50.1 49.8


Related Last Previous Unit Reference
Business Confidence 50.10 52.60 points Dec 2024
Capacity Utilization 79.40 79.90 percent Oct 2024
Car Production MoM 236146.00 249114.00 Units Nov 2024
New Car Registrations MoM 253499.00 264949.00 Units Nov 2024
Changes in Inventories 15495.00 15329.00 BRL Million Sep 2024
Composite Leading Indicator 102.01 102.16 points Nov 2024
Corruption Index 36.00 38.00 Points Dec 2023
Corruption Rank 104.00 94.00 Dec 2023
Industrial Production YoY 1.70 5.90 percent Nov 2024
Industrial Production MoM -0.60 -0.60 percent Nov 2024
IBC-BR Economic Activity 0.10 0.90 percent Oct 2024
Manufacturing Production 2.90 7.30 percent Nov 2024
Mining Production -4.40 -2.00 percent Nov 2024
Small Business Sentiment 51.50 51.90 points Nov 2024
Steel Production 2800.00 3100.00 Thousand Tonnes Nov 2024
Total Vehicle Sales 193730.00 195191.00 Units Nov 2024

Brazil Business Confidence
In Brazil, the Industrial Entrepreneur Confidence Index (ICEI) measures the current situation of businesses and their future prospects. The survey covers about 2,500 companies in the construction, mining, and manufacturing industries. The questionnaire is made by phone and focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator varies on a scale of 0 to 100 where 50 indicates neutrality, 0 indicates extreme lack of confidence and 100 extreme confidence.
Actual Previous Highest Lowest Dates Unit Frequency
50.10 52.60 68.30 34.50 2004 - 2024 points Monthly


News Stream
Brazil Business Confidence Eases for 3rd Month
The Industrial Entrepreneur Confidence Index (ICEI) in Brazil eased to 50.1 in December 2024, its third consecutive monthly decline and matching July’s fourteen-month low, down from September's peak of 53.3, the highest level since October 2022. Expectations for individual company performance deteriorated significantly to 51.9 from November's 54.7, reflecting reduced optimism for business conditions over the next six months. Broader economic expectations also weakened further, dropping to 39.4 from 42.5, highlighting a more pessimistic outlook for Brazil’s overall economy. Current business conditions edged down to 50 from 51.2, while the assessment of the current state of the Brazilian economy saw a sharper deterioration, falling to 43.3 from 46.7.
2024-12-11
Brazil Business Confidence Eases in November
The Industrial Entrepreneur Confidence Index (ICEI) in Brazil eased slightly to 52.6 in November 2024, marking the second consecutive monthly decline from September's peak of 53.3, the highest level since October 2022. Despite this dip, optimism for business conditions over the next six months remains, with expectations for individual company performance rising to 54.7, showing growing confidence among entrepreneurs. However, outlook on Brazil’s overall economy softened, with broader economic expectations dropping to 42.5 from 44.2 in October. Current business conditions also declined slightly (51.1 vs. 51.2). Meanwhile, the assessment of the current state of the Brazilian economy showed a notable deterioration (46.7 vs. 49.2).
2024-11-12
Brazilian Business Confidence Virtually Unchanged in September
The Industrial Entrepreneur Confidence Index (ICEI) in Brazil marginally declined to 53.2 in October 2024, down from the highest level since October 2022 of 53.3 in September. This slight decrease still reflects optimism in expectations for business conditions over the next six months, which remained steady at 55.4, indicating growing optimism among entrepreneurs regarding their own companies. However, the outlook on the broader Brazilian economy softened slightly, with expectations dropping (44.2 vs. 44.4 in September). Furthermore, perceptions of current business conditions deteriorated (51.1 vs. 51.3). Meanwhile, the assessment of the current state of the Brazilian economy also showed a slight uptick, although it remained in negative territory (49.2 vs. 49.1).
2024-10-16