The Industrial Entrepreneur Confidence Index (ICEI), of the National Confederation of Industry (CNI), rose from 55.4 points in March to 56.8 points in April.
As a result, industrial sector confidence reversed the negative picture after falling 1.3 points in the first quarter of this year.
This is the first time in the year that the index has advanced, after a sequence of three retreats.
The manager of Economic Analysis at CNI, Marcelo Azevedo, explains that the positive indicator can be explained by the change in businesspeople’s view of the current economy.
“Because it is very close to the 50-point dividing line, the indicator shows a neutral perception of current conditions in relation to the past six months, contrary to what had been happening since the beginning of the year, when the view was more negative”, he analyzed.
The ICEI ranges from 0 to 100 and has a cut-off line at 50 points, where any value above indicates confidence and below a lack of confidence. For the new survey, 1459 companies were interviewed, 564 small, 577 medium and 318 large, between April 1 and 7, 2022.
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.
