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.
ICEI rises in May and reduces industry pessimism
The Industrial Business Confidence Index (ICEI) increased 2.0 points in May 2026, from 45.2 points to 47.2 points, thus ending a sequence of three consecutive declines. However, the increase in the month only partially reverses the 3.3-point drop accumulated between February and April 2026.
May 14, 2026
