Brazilian industrial entrepreneurs share optimistic expectations in August

Tuesday, 16 August 2022 00:30:46 (GMT+3)   |   Sao Paulo
       

In a poll developed by the Brazilian industrial association CNI, covering representatives from 1,857 companies between August 1-9, the country’s industrial entrepreneurs have indicated positive expectations for all indicators of their activities.

The index measuring the prospective demand for their products was stable at 59.7 points, still well above the 50.0 mark that separates optimism from pessimism.

The index measuring the level of employment increased by 0.5 points to 57.3 points, while the index measuring expectations for purchases of raw materials was stable at 57.3 points, and the index for the perspectives for exports declined by 1.4 points to 52.9 points the only reduction registered by the poll. The index measuring perspectives for investments increased by 1.0 points to 56.9 points, the highest mark since February.

Such as in recent polls, analysts believe that this one is positively influenced by the perspective of general elections in less than two months.


Similar articles

Brazil’s DEV Mineração to resume operations at Amapá iron ore project

22 Apr | Steel News

Vale's iron ore exports up 97.5 percent in January

19 Apr | Steel News

Auto industry confirms massive investment in Brazil

18 Apr | Steel News

Brazilian rebar export price remains stable

18 Apr | Longs and Billet

Brazilian BPI mills target higher export prices, impact of scrap eases as discussed at IIMA meeting

18 Apr | Scrap & Raw Materials

Brazilian HDG export prices decline

17 Apr | Flats and Slab

Brazilian high-grade iron ore price increases sharply week-on-week

17 Apr | Scrap & Raw Materials

Brazilian HRC export price trends stable

16 Apr | Flats and Slab

Prices decline slightly for Brazilian slab exports

16 Apr | Flats and Slab

Brazilian crude steel production increases in March

16 Apr | Steel News