source: Confederacao Nacional da Industria (CNI)The industry confidence indicator in Brazil fell to 48.6 in January of 2023 from 50.8 in the previous month. It was the first reading below pair since July 2020, as sentiment deteriorated regarding the current conditions of respondents’ respective companies (49.6 vs. 51.2 in December) and the Brazilian economy (48.4 vs. 45.6). In the meantime, future expectations declined regarding respondents’ companies (52.5 vs. 54.1) and perception of macroeconomic conditions (41.5 vs. 44.8).
Via: Trading Economics