São Paulo – The Industry Confidence Index (ICI) issued by the Getulio Vargas Foundation’s Brazilian Institute of Economics (Ibre/FGV, in the Portuguese acronym) was up up 1.4% from July to August, from 102.7 points to 104.1 points. It was the highest score since July 2011, and still it remains below the historical average of 105.5 points.
The survey’s Current Scenario Index was up 2.4% to 105.1 points, the highest score since July 2011, indicating that companies’ assessments of the present situation have improved.
The Expectations Index was up 0.3% to 103.1 points. "The general results show that the industry’s pace is slowly picking up throughout the quarter, and expectations are still cautious regarding the next few months," according to the Ibre/FGV.
The index measuring satisfaction with the current state of business was up 5.2% from last month, at 112.2 points. The share of companies which regarded the current scenario as good went from 22.0% to 24.4%, while those to which the scenario is weak went from 15.3% to 12.2%.
Optimism regarding business perspectives in the next six months was up 2.2% to 143.2 points. The rate of companies which expect business to improve went from 48.8% to 51.9%, while 8.7% of the companies surveyed expect a turn for the worse.
*Translated by Gabriel Pomerancblum
