Brazil Business Confidence
The Industrial Entrepreneur Confidence Index (ICEI) in Brazil is a metric that measures the current state of enterprises as well as their possibilities for growth in the future. The survey is conducted on approximately 2,500 enterprises in the construction, mining, and manufacturing sectors. It is completed over the phone and includes questions about production trends in the previous months, order books, export order books, stock levels, and output projections for the coming year. The indicator is measured on a scale from 0 to 100, with 50 representing neutrality, 0 representing great lack of confidence, and 100 representing excessive confidence.
A higher than expected figure should be seen as positive (bullish) for the BRL while a lower than expected figure should be seen as negative (bearish) for the BRL.
News (BRL)
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
RTTNews | 689 days ago
