Brasil Confiança do Empresário

Brazil’s Industrial Entrepreneur Confidence Index fell to 48.0 in December 2025 from 48.3 in November, ending a three-month streak of gains. The index remained below the 50-point threshold for all of 2025, signaling persistent pessimism among industrial firms. The Current Conditions Index slipped to 43.8: assessments of companies’ conditions fell 0.7 points to 46.2, while views on the Brazilian economy were broadly unchanged, edging up 0.1 point to 39.1. The Expectations Index eased to 50.0, halting four consecutive increases and landing exactly at the neutrality line. Expectations for the economy deteriorated by 0.4 points to 42.9, while expectations for companies dipped 0.3 points to 53.6.