Brazilian Industrial Confidence Hits Lowest Level Since 2020
CNI index drops 6 points in November, marking 23 months of pessimism in the country's industrial sector
The Industrial Entrepreneur Confidence Index fell by 6 points in November. The indicator moved from 46.2 to 40.2 points. This is the lowest level recorded since May 2020.
The sector has now accumulated 23 consecutive months of pessimism. The result remains below the 50-point mark that separates optimism from distrust. This decline represents the third largest monthly contraction since the historical series began in 2010.
Perception regarding the current state of business has also worsened. The sub-index for present conditions fell 2.3 points to reach 37.7 points. This is the lowest value for this component since July 2020.
Future expectations suffered a sharp decline of 7.8 points. The indicator for national economic prospects dropped 10.7 points. Optimism regarding the future of individual companies fell 6.4 points and crossed into pessimistic territory for the first time in six years.
The National Confederation of Industry surveyed 1,104 companies between November 3 and November 9, 2026. The sample included small, medium, and large businesses. The survey reflects the widespread caution among industrial managers.
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