Brazil’s Industry Confidence Rebounds in December to 92.9, FGV Says

Overview

• After two monthly declines, the Industry Confidence Index rose 3.8 points in December to 92.9.
• The three-month moving average ticked up 0.8 point to 90.6, signaling only a modest improvement.
• The Current Situation Index climbed 2.8 points to 92.4, while the Expectations Index advanced 4.6 to 93.4.
• Confidence increased in 13 of the 19 industrial segments surveyed, according to FGV Ibre.
• Capacity utilization edged down 0.1 percentage point to 79.6%, the lowest since April 2021, with FGV’s Stéfano Pacini citing inventory adjustments and ongoing macro headwinds.