São Paulo – The Getúlio Vargas Foundation’s Industrial Confidence Index (ICI) grew 1.1% in December, climbing from 105.2 points in the previous months to 106.4 points. The index has remained above the historic average for the third month running. According to FGV, the growth forecasted in December was mainly boosted by perspectives for coming months.
The Expectation Index (IE) climbed 1.9%, to 106.2 points, the highest level since June 2011, when it had reached 106.5. Forecasted production was determinant for growth of the IE, as the forecasted employment index remained stable, at levels lower than the average, and the future tendency for business has accommodated itself after the expansion of previous months. The proportion of companies that expect lower production dropped from 15.5% in November, to 4.1% in December, while the share of those expecting greater production dropped from 42.4% to 39.4%.
The Current Situation Index (ISA) reached 106.5 points, up 0.3% over November, levelling to the recent historic average. The level of demand index (especially foreign) was the main contributor to the growth of the ISA.
*Translated by Mark Ament
