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.
Pessimism intensifies and industry confidence hits lowest level since 2020
In July 2026, the Industrial Businessman Confidence Index (ICEI) fell 2.3 points, from 46.7 points to 44.4 points. This is the second consecutive decline of the indicator, which completes 19 months registering lack of confidence and reaches its lowest level since June 2020, when it stood at 41.2 points.
July 13, 2026
