Business confidence falls once more after three highs, says FGV

Business confidence falls once more after three highs, says FGV

The main decline was observed in the Expectations Index for the future

The Industry Confidence Index (ICI), from Fundação Getulio Vargas (FGV), dropped 1.7 points from June to July this year, after three consecutive increases. As a result, the indicator reached 99.5 points, on a scale of zero to 200 points.

In the quarterly moving average, the indicator is still up: 0.7 point. In July, 11 of the 19 industrial segments surveyed by FGV had a drop in confidence.

The main decline was observed in the Expectations Index, which measures the confidence of the Brazilian industry in relation to the future, which lost 2.6 points, reaching 97.6 points.

The Present Situation Index, which measures the perception of the present, also retreated, but in a more moderate way, losing 0.9 point and reaching 101.4 points.

The Installed Capacity Utilization Level of Industry increased by 0.9 percentage point in July and reached 82.3%, the highest level since March 2014.

Brazil Agency

Related post

Micro and small confidence stays secure in relation to September, however larger than in October 2021

Micro and small confidence stays secure in relation to…

The confidence of the owners of micro and small companies suffered a slight drop in the last month of October, but…
With eVTOLs, Embraer is inventing an trade from scratch.  Get to know the backstage

With eVTOLs, Embraer is inventing an trade from scratch.…

In recent years, eVTOLs (electric vertical take-off and landing) have become one of the great promises of the aviation sector, attracting…
Takeda presidents wish to encourage feminine trade management

Takeda presidents wish to encourage feminine trade management

the canadian Ramona Sequeirapresident of the global portfolio division of the multinational Takeda, was the first woman to assume the chairmanship…

Leave a Reply

Your email address will not be published.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