Brazil’s industrial confidence rises in June

The industrial entrepreneurs’ confidence indicator in Brazil grew by 3.2 points m/m to 61.7 in June, reflecting a widespread optimism among industrial companies. The index has a neutral value of 50 and values above it indicate confidence.

According to the National Confederation of the Industry, which conducts the survey, the current conditions sub-index rose by 4.6 points m/m to 54.8, meaning that entrepreneurs have a more positive sentiment regarding the current state of the economy than in May. In addition, the expectations sub-index grew by 2.5 points m/m to 65.1, as the companies also expect a positive economic performance in the next six months.