Survey Shows Brazil South’s Industrialists Cautiously Optimistic

    Brazil industry

    Brazil industry The Industrial Entrepreneur Confidence Index (ICEI-RS), measured by the Federation of Industries of the State of Rio Grande do Sul (FIERGS), recorded 59 points in July, three points more than in the last survey, conducted in April this year.

    This result points to a higher growth rate for the industry in the upcoming months. The ICEI-RS ranges from 0 to 100, depending on the answers of entrepreneurs who participate in the Industry Survey.

    Values lower than 50 indicate pessimism, whereas those higher than 50 show confidence. The survey is intended to be an indicator, and its main objective is to predict the level of economic activity.

    In comparison with the last survey, the result is mainly due to improved expectations of the industrialists for the next six months, which has increased from 59 to 62.

    Assessments regarding current conditions, for which the index recorded 54 points, four more than in the previous survey, point to an improvement in the economic conjuncture.

    The survey was disclosed last Sunday by the president at the FIERGS, Paulo Tigre. "The increase shows confidence, and reveals a trend of increased industrial activity in the upcoming months," said Tigre, who called attention to the fact that this should be a resumption of activity, since the losses recorded in the last few years are still far from a recovery.

    CNI

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    Ads

    You May Also Like

    In Brazil, Criminals Are Our Heroes and Saints

    On the day of drug lord Lulu’s death, businesses in Rocinha closed as a ...

    Canada Company Strikes Gold in Brazil

    Lund Gold Ltd. and Oromin Explorations Ltd. have been granted an option to jointly ...

    Brazilian agriculture

    Half of Brazil Agriexports Goes to Emerging Countries. China Gets 8%

    The share of developing nations in purchases of Brazilian agricultural products rose from 39.6% ...

    How I Taught English in Brazil and Survived to Tell the Story: Lesson 3

    Many newcomers to Brazil are completely unaware of the so-called service and use hidden ...

    Brazilian Deputies in the List to Be Kicked Out Can Resign and Avoid Penalties

    The president of the Brazilian Chamber of Deputies, Severino Cavalcanti (PP-Pernambuco), has now sent ...

    Despite Contraband and Costly Credit Brazil’s Electronic Sector Grows 15%

    Television sets and DVD players were the chief items behind the sizeable growth of ...

    Brazil Spends Over US$ 400,000 in Books by Indian Authors

    Brazil’s Ministry of Education (MEC) allocated US$ 414,000 (1 million reais) from the Literate ...

    Monica da Silva

    Meet Monica da Silva: A New Voice in Bicultural Brazilian-American Music

    Among the new voices in Brazilian music to emerge in recent years, Florida-based Monica ...

    Brazil’s WSF Splits for Anti-Liberal Planetary Fight

    Next year’s World Social Forum (WSF), which is now taking place in Brazil, will ...

    Brazilian currency, the real - Marcos Santos/USP Imagens

    IMF Is Bullish on Brazil Again

    The International Monetary Fund (IMF) is projecting that Brazil will surpass Italy next year ...