Brazil Business Confidence

Last Release

Oct 31, 2025

Actual

47.2

Units In

Points

46.2

Frequency

Monthly

Next Release

Nov 13, 2025

Time to Release

29 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
68.3 Jan 2010	34.5 Apr 2020	54.11 Points	2004-2025	Confederacao Nacional da Industria (CNI)

In Brazil, the Industrial Entrepreneur Confidence Index (ICEI) measures the current situation of businesses and its future prospects. The survey covers about 2,500 companies in construction, mining and manufacturing industries. The questionnaire is made by phone and focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator varies on a scale of 0 to 100 where 50 indicates neutrality, 0 indicates extreme lack of confidence and 100 extreme confidence.

Latest Updates

Brazil's Industrial Entrepreneur Confidence Index (ICEI) rose to 47.2 in October 2025, up from 41.9 in September, signaling a mild improvement in sentiment but still below the 50-point threshold that separates optimism from pessimism. The Current Conditions Index reached 43.2, reflecting better assessments of both company conditions (46.5, +1.3 points) and the Brazilian economy (36.7, +1.4 points). Meanwhile, the Expectations Index increased for the third consecutive month to 49.1 (from 48.3), indicating that confidence about the next six months remains cautious but less negative. Business owners reported improved expectations for the economy (41.0, +1.5 points) and slightly greater optimism regarding their own companies (53.2, +0.5 points).