Economy

Industry confidence has reached a lower level since May 2020

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 22:24:24 UTC.

Briefings

Brazilian industrial confidence reached its lowest level since May 2020, falling six points to 40.2 in November 2026 according to the CNI. The Icei index dropped to 40.2, marking the third major monthly decline since 2010, while the conditions index fell to 37.7. Expectations for the economy and companies also declined significantly, with the business expectation index hitting 41.5 for the first time in over six years. The survey covered 1,104 companies across small, medium, and large industries between November 3 and 9, 2026.

Key points

• The Industrial Confidence Index (Icei) fell six points from 46.2 to 40.2 in November 2026, reaching the lowest level since May 2020.
• The conditions index dropped to 37.7 in November 2026, the lowest since July 2020, indicating negative assessments of both the Brazilian economy and corporate performance.

Context

The CNI survey of 1,104 companies between November 3 and 9, 2026, tracked industrial sentiment. The decline reflects broader economic uncertainty affecting hiring, production, and investment decisions.

Limitations

Data covers only November 2026; the survey methodology relies on self-reported perceptions rather than objective financial metrics. The index values represent snapshots at specific points in time and do not account for future economic shifts.

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