Brazil’s industrial confidence improves in May

The industrial entrepreneurs’ confidence indicator grew by 4.8 points m/m in May, reaching 58.5, after falling for four months in a row. The index has a neutral value of 50, and any figure above it indicates confidence.

According to the National Confederation of the Industry, which conducts the survey, the current conditions sub-index rose by 5.3 points m/m to 50.2 and exceeded the 50-mark for the first time in the year. In addition, the expectations indicator grew by 4.5 points m/m to 62.6, meaning that companies are even more optimistic about the sector’s performance in the next six months.

Further data and analysis on Brazil’s economy are available on the CEIC Brazil Economy in a Snapshot – Q1 2021 report.