Brazilian industrial confidence up by 0.1 point in April compared to March, FGV preview

Manufatura

The Brazilian Industrial Confidence Index (ICI), a preview for the final April figure, had a slight improvement of 0.1 point in relation to the final number of March, reported the Getulio Vargas Foundation (FGV).

If this is confirmed in the final number for the April, the index will hit 90.8 points – the highest level since May 2014, when it reached 92.2 points.

On a breakdown of the April preview, the Current Situation Index (ISA) fell 0.3 point to 88.2 points, while the Future Expectations Index (IE) increased 0.5 point to 93.6 points.

Industrial Capacity Utilization (Nuci) was flat in April against a close of 74.4% in March.

The Brazilian Industrial Confidence Index surveyed from 783 companies between April 3 and 20. The final result will be announced on the 28 April.

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