The Business Confidence Index (ICE), measured by the Getúlio Vargas Foundation (FGV), dropped 0.5 point from January to February this year. It’s the fourth consecutive drop.
With that, the ICE reached 91.1 points on a scale of 0 to 200 points, the lowest level since April 2021 (89.6 points).
The indicator consolidates the confidence indices of the four economic sectors surveyed: industry, civil construction, commerce and services.
The Current Situation Index, which assesses the perception of entrepreneurs about the present, dropped 3.2 points and reached 88.1 points.
The Expectations Index, which measures business confidence in the future, rose 1.9 points to 93.3 points.
Among the four sectors, two showed a decline. The confidence of the services dropped two points and reached 89.2 points.
The industry retreated 1.7 points, but continues to have the highest score among the segments (96.7 points).
At the same time, two sectors were up. Construction confidence rose 0.9 points to 93.7 points.
Trade grew by 2.1 points, but remained the worst indicator among the four segments (87 points).
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
