Overview

• The Industrial Business Confidence Index rose 1 point to 47.2 in October, still below the level that signals confidence.
• The Index of Expectations increased 2.9 points to 49.1, marking a third consecutive monthly gain.
• The Index of Current Conditions advanced 1.3 points to 43.2, reflecting a less negative view of present business and economic conditions.
• CNI economist Marcelo Azevedo said it is too early to call a reversal, noting the gauge remains nearly three points short of the confidence cutoff and year-end seasonality may be lifting sentiment.
• The monthly survey polled 1,164 firms nationwide from October 1 to 7, including 458 small, 444 medium, and 262 large companies.