According to a research developed by the Brazilian industrial association CNI, in June there was an advance in the level of confidence that 22 out of 29 industrial sectors ascribe to the country`s economy, with six industrial sectors moving from lack of confidence to confidence, while no industrial sector has moved in the opposite direction.
The improvement of expectations covers all sizes of companies (small, medium, and large) and reflects optimism with both current and future conditions of the economy, in all regions of the country.
Mining activities, which covers iron ore mining, increased from 52.2 in May to 55.2 points in June, the civil construction sector increased from 51.9 to 52.2 points and the metallurgy sector, which includes steel production, declined from 52.1 to 51.1 points, remaining however above the 50.0 points mark that separates pessimism from optimism.
The research was developed by CNI between June 1-13, covering representatives of 2,030 companies.