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 increases and ICEI records third consecutive decline in the year
The Industrial Business Confidence Index (ICEI) fell 1.4 points in April 2026, from 46.6 points to 45.2 points. This is the third consecutive decline of the indicator, which has accumulated a contraction of 3.3 points over the last three months. With this result, the ICEI reaches its lowest level since June 2020, when it registered 41.2 points, at a time when confidence was affected by the initial impacts of the Covid-19 pandemic.
April 16, 2026
