2024-01-04 19:41:53
According to the data released in the Industrial Business Confidence Index (ICEI) survey, there was an increase of 0.6 points, going from 50.4 points to 51 points. This result, according to the report, represents a recovery following two consecutive months of decline and a month of stability in the confidence of industrial entrepreneurs. The released document states that the variation in the index is accompanied by a historical series that assesses business confidence, with values above 50 points indicating confidence, while values below indicating a lack of confidence.
The published report states that the industry remains confident in December, as the index remains above the 50-point dividing line, which separates confidence from lack of confidence. When analyzing the publication, it appears that the historical average of the index is 54.0 points, which may indicate that confidence in the sector, on the part of businesspeople, is positive considering the entire historical series presented in the study.
ICEI research is conducted by National Confederation of Industry (CNI) and involved the participation of 1,356 companies, distributed between small, medium and large. The data collection period took place between December 1 and 7, 2023, with the document completed on December 11, 2023. The monthly publication provides detailed information on confidence indices, including components such as the Current Conditions Index and Expectations Index .
José Antônio Valente, director of the equipment rental franchise Franquias Trans Obra states that the 0.6 point increase in the Industrial Business Confidence Index in December is encouraging news for the sector. After two months of decline and one of stability, the increase signals a possible recovery of optimism among businesspeople. “The maintenance of the index above the 50-point dividing line reflects the prevailing confidence in the industry, supported by the historical average of 54.0 points, indicating a historically positive scenario”.
Still on the published report, which can be consulted through the link at the beginning of this article, data on the evaluation of the Current Conditions Index and Expectations Index were highlighted. Regarding the Current Conditions Index, the report showed an increase of 1.1 points, reaching 46.8 points. Furthermore, the document points out that despite remaining below the 50-point dividing line, indicating a worsening in current conditions, businesspeople point to an improvement in relation to the previous month, highlighting a less pronounced and widespread intensity of this worsening.
Regarding the Expectations Index, the report showed that the result remained close to stability, with an increase of 0.3 points to 53.1 points. The document says that this index, which remains above the dividing line, continues to indicate industry optimism for the next six months. At the conclusion of the report, there is a more comprehensive statement related to the Brazilian economy saying that optimism is concentrated in the expectations of the companies themselves (index of 56.5 points), while pessimism persists in relation to the future of the Brazilian economy (index of 46.3 points).
Asked regarding the subject, José Antônio stated that this data reinforces the complexity of the current economic scenario, with businesspeople demonstrating confidence in the internal prospects of their companies, while maintaining a cautious stance regarding the country’s macroeconomic conditions.
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