Confidence in the growth of Brazilian industry has fallen steadily since the beginning of 2015. However, as reported by the Brazilian businessman Flavio Maluf, president of the company Eucatex, the executives of the transformation industry showed much more optimistic about the feasibility of an improvement In the sector already in the coming months, which had not happened even in August, since that month the pessimism still remained strong.
This increase in the confidence of entrepreneurs was verified by the ICI (Industry Confidence Index) presented in September, since, in the ninth month of 2016, there was an increase of 2.1 in this index, and in August, this data Had suffered a 1-point retraction. Thus, in September, the ICI reached 88.2 points compared to 86.1 in the previous month. In this sense, Flavio Maluf informs that this was the highest result achieved by the index since July 2014, when he reached 88.8 points.
The ICI data are obtained by analyzing the perspectives of executives on the momentary activities and those for the following six months. For this, the Ibre / FGV (Brazilian Institute of Economics of the Getúlio Vargas Foundation) conducts the Transformation Industry Survey. In September, between 5 and 23, the institute gathered the opinions of leaders of more than 1,120 companies.
Thus, in 12 of the 19 segments analyzed there was an improvement in the perspectives presented by the interviewees, which was not only in relation to the current period, but also on the evaluation for the following six months.
In the division between the periods, the executive Flavio Maluf reports that the IE (Index of Expectations) was the one that reached the highest score, since the increase of 2.5 points made the index reach 89.8 points, the highest number since the 90.3 points reached in June 2014. In relation to the ISA (Current Situation Index), there was an increase of 1.5 points, which led the index to 86.7 points, the best number since the 88.4 points Achieved in the first month of 2015.