FX.co ★ Brazil Business Confidence Improves but Remains Weak

The Industrial Entrepreneur Confidence Index in Brazil advanced to 48.3 in November 2025, up from 47.2 in October. This marks the third consecutive month of improvement, although the index remains below the neutral 50 threshold. The indicator for company conditions experienced a slight increase of 0.4 points, reaching 46.9, while the national economy indicator rose by 2.3 points to 39.0. Furthermore, the expectations index climbed 1.4 points to 50.4, reflecting a growing optimism for the coming six months. Expectations concerning Brazil's economy surged by 2.3 points to 43.3, with company expectations edging up by 0.7 points to 53.9. Despite these gains, the overall confidence index has stayed negative, remaining below 50 for eleven consecutive months, suggesting a persistent lack of confidence, though the level of pessimism appears to be lessening.