• Categories
  • Archives

High Confidence: Half of Brazilian Companies Expanding in Next Two Months

Construction in Bahia The Industrial Confidence Index (ICI) remained high and reached in December its second highest level since July last year (113.7 points). From November to December, the index rose 3.5% to 113.4 points, in the 11th expansion running.

The figures were disclosed today (30th) by Getúlio Vargas Foundation (FGV). In a press statement, the institution shows that businessmen are confident and recalled that the ICI hit 75.1 points early this year – the second lowest result since the series started being recorded, in 1995.

Among the indicators included in the ICI, the Current Situation Index (ISA) rose 3.5%, from 108.1 to 111.9 points. The FGV press statement points out that, from one month to the next, the share of companies considering the situation for their business “good” rose from 29.9% to 31.6%, whereas the number of businessmen considering the situation “bad” dropped, from 18% to 8.7%.

The Expectation Index (IE) rose by the same percentage as the ISA, reaching 114.9 points. According to the research, the advances show “that industries are more optimistic with regard to coming months.” Of the around 1,110 companies researched, 46.9% forecast expansion between January and February 2010.

The ICI also measures the Level of Use of the Installed Capacity (Nuci). The index registered the ninth expansion running this year. From November to December, the highlight was in the sector of capital goods, which rose from 77.9% to 80.9%.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published.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

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Number One Thug: Saint Nem, Neither Comedian Nor Martyr

In a war operation that used 7 helicopters, 18 armored cars and about 3,000 ...

Brazilian Air Force Officer Ending Training for Space Travel

A Brazilian air force officer will become his nation’s first person in space when ...

Brazil Gypsies Want a Birth Certificate for Starters

Gypsies form a group which is little known but present in the imagination of ...

Foot and Mouth Disease Crosses into Another State in Brazil

Brazil’s Agriculture Ministry confirmed this week another outbreak of foot and mouth disease, two ...

Brazil’s GDP Growth on Target

The Brazilian government’s primary surplus from January to July reached US$ 12.853 billion (37.980 billion ...

Duduka da Fonseca and Hélio Alves's Songs from the Last Century

Duduka and Alves: a Brazilian Musical Team’s Delight of Discovery

Sometimes two musicians mesh with such stunning results that listeners feel the artists have ...

Unprinciples

Justice Minister José Gregori has proposed new legislation to specify just what special status ...

Brazil and US Leaders in Haiti, Friends for 25 Years, Discuss Mission Every Day

Army Lieutenant General Ken Keen, deputy commander of the U.S. Southern Command (SOUTHCOM) who ...