Overview of Increased Confidence of Entrepreneurs in the Brazilian Industry
Confidence in the Brazilian industry growth has suffered several setbacks from 2015. However, the optimistic reports by the president of Eucatex, Flavio Maluf, show an improvement of the industry. This improvement is expected to continue increasing in the coming months, something that has not happened since August.
This increase in confidence has been confirmed by the ICI (Industrial Confidence Index) that was presented back in September. From September, there was an increase of 2.1 on the index while in August, the data had suffered a 1 point decline. The ICI managed to reach 88.2 points in September as compared to the 86.1 posted in August. This is the highest result posted on the index ever since July 2014 when it was at 88.8 points, according to Flavio Maluf.
The data used by ICI is obtained after analyzing the perspective of various executives on momentary executives and those related to the coming six months. The Ibre/FGV conducts the Manufacturing Industry survey. In September, the institute had collected opinions of over 1,120 business leaders. This means that in 12 out of 19 segments that were analyzed, there were improvements on the prospects presented by interviewees. This was not only during the evaluation but also on the following six months.
Flavio Maluf noted that the percentage of entrepreneurs who evaluated stock was less in September when it reached its all time high ever since May, 2013 when the figure was at 7.3%. another important factor that he reported was the Nuci (Level of Use of Installed Capacity) which increased by 0.9% in September to 74.7%, the highest since December, 2015. Aloisio Campelo Junior, Public Statistics Superintendent at Ibre/FGV, commented that the outlook of the coming months remains positive as between March to September this month, the index has had a cumulative 13 points increase.
About Flavio Maluf
He is a prominent Brazilian businessman and a Mechanical Engineer by profession. He is the current President of Eucatex and the GrandFood Group, owner of the Premier Pet and Golden feed Brands. Flavio mentors the upcoming entrepreneurs by considering various ways of being successful and increase their profitability when they make their businesses international. He advocates for entrepreneurs to act locally but reason globally. See what Flavio had so say about Taxes in his brilliant article on InfoMoney, titled “Empresário Flavio Maluf informa que Receita abre consultas do lote de 2016”.