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.
Lack of confidence in Brazilian industry deepens in July
In July 2025, the Industrial Business Confidence Index (ICEI) fell by 1.3 points, from 48.6 to 47.3 points, indicating a deepening of the lack of confidence that has persisted since January 2025. With this decline, confidence in the Brazilian industrial sector is at its lowest level since June 2020.
July 11, 2025
