For the 15th consecutive month, the Industrial Entrepreneur Confidence Index (ICEI) is positive, but in a scenario of stability, according to the National Confederation of Industry (CNI). The ICEI ranged from 58 points to 57.8 points between September and October this year.
Optimism, however, is more moderate than that observed between June and August 2021, when the ICEI surpassed 60 points. The index ranges from a scale of 0 to 100 and, as it is above the 50-point dividing line, which separates confidence from lack of confidence, it indicates that entrepreneurs in the industry are confident. The historical average of the ICEI is 54.1 points.
According to the survey, there was no significant change in the index’s components in October. The Current Conditions Index changed 0.7 point down to 51.5 points, while the Expectations Index did not change, remaining at 60.9 points. For the CNI, as both components of the ICEI are above 50 points, this indicates that the assessment of current conditions is positive compared to the last six months and that expectations for the next six months are optimistic.
For the survey, the CNI interviewed 1,488 businessmen between October 1st and 7th, of which 607 were small, 543 medium and 338 large.
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