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    Your email address will not be published.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

    Brazilian cargo truck

    Brazil’s Trade Surplus at US$ 23 Bi, US$ 14 Bi Less Than Last Year’s

    Brazil's trade surplus in the second week of December totaled US$ 947 million. Exports ...

    Producing ethanol out of sugar cane in Brazil

    US Steep Surtax Should Draw Brazil to European and Japanese Ethanol Markets

    Brazil may become an international price setter for ethyl alcohol, should ethanol become an ...

    Black Brazilian quilombola

    120 Years After End of Slavery Brazilian Blacks Still Far from Getting Equality

    Despite Brazil’s NIMBY attitude about racism, while trying to convince itself of being a ...

    Good Image Helps Brazil Put Seasoning at Arab Tables

    Arab culinary is surrendering to Brazilian seasoning. The trading company Double Port, based in ...

    A new airplane gets ready at Brazil's Embraer

    Brazil’s Embraer Gets News Clients But No New Workers

    The world’s great recession has hit hard the aviation sector. As a result, Brazil’s ...

    Brazil and Cuba: Hugs, Deals and Tears

    Brazilian President Lula’s assertion that he would not interfere in Cuba’s internal affairs has ...

    Bernard Madoff

    Brazilians Caught in Madoff’s Ponzi Scheme Are Keeping Mum

    Wealthy Latin Americans, among them Brazilians, are among the biggest victims of an alleged ...

    Renault car made in Brazil

    From the 1.4 Million Cars Brazil Made This Year, 366,000 Were Exported

    The Brazilian market for vehicles grew 5.8% in the month of June when compared ...

    Brazil’s Cosmetic King O Boticí¡rio Wants Bigger Piece of Foreign Pie

    The Brazilian factory of perfumes and cosmetics O Boticário, located in São José dos ...