Brazil’s Industrial Confidence Wanes in July 2024

In July 2024, Brazil’s industrial heartland hit a critical point when the Business Confidence Index (ICEI) dropped slightly below neutral, indicating economic pressures. This shift from neutral to pessimistic sentiments unfolded in the Southeast, Brazil’s economic powerhouse. Here, confidence among industrial entrepreneurs slipped from 51.4 to 50.1, marking a subtle yet significant change. This shift […]