ICEI-Business Confidence Index
As a leading indicator of industrial performance, the ICEI detects shifts in industrial production trends. The data required for building the ICEI index are collected in tandem with the Industrial Survey and the Construction Survey. Confidence indices are made available for three company sizes (small, medium and large), for the five Brazilian geographic regions, and for the different sectors of the mining and quarrying, manufacturing, and construction industries.
Industrial lack of confidence intensifies in August
In August 2025, the Industrial Business Confidence Index (ICEI) retreated to 46.1 points, its lowest reading for the year, signaling a progressively more intense and widespread lack of confidence among industrial entrepreneurs. The erosion of confidence in August was primarily driven by a weakening in sectoral expectations.
September 1, 2025
