Decline in Industrial Confidence in Brazil – Insights from the Latest CNI Report

INSUBCONTINENT EXCLUSIVE:
The Industrial Entrepreneur Confidence Index (ICEI), released by the National Confederation of Industry (CNI) on November 12, 2024, shows a
notable decrease.The index fell by 0.6 points from October to November, dropping from 53.2 points to 52.6 points
This monthly index consists of two main components: the Current Conditions Index and the Expectations Index.Both components measure
For this latest survey, CNI consulted 1,209 companies, including 482 small businesses, 455 medium-sized firms, and 272 large
enterprises.Data collection occurred between November 1 and November 7, 2024
The Current Conditions Index experienced a decline of 0.5 points, closing at 48.3 points.CNI attributes this drop to a worsening perception
among business owners about the current economic situation
Similarly, the Expectations Index, which forecasts conditions over the next six months, also decreased by 0.7 points to reach 54.7
(Photo Internet reproduction)Despite this decline, business leaders remain optimistic, albeit with a more cautious outlook than in the
previous month
The survey indicates that the dip in the Expectations Index primarily stems from increased pessimism regarding the future state of the
economy.This specific metric fell by 2.5 points, moving from 49.2 points to 46.7 points
reflects a nuanced perspective among industrialists who balance optimism for their individual enterprises against broader economic
uncertainties.