Since 2015, the Brazilian industry has failed to grow. Struggling businesses and failing stock markets have impacted the economy in Brazil. Flavio Maluf, a Brazilian entrepreneur and president of Eucatex, expressed optimism at the viability of growth. This seemed unusual since the general population is so pessimistic about the economy. Even up to this August, populations were not good when concerned with the economy.
ICI, which stands for Industrial Confidence Index, indicated in September of 2016 there had been an increase at 2.1 in economic growth. Then as of this August, there had been a one point decline. It appears the markets are fluctuating and it is difficult to project what the outcome will be for each term. Even though there had been recent declines, the report still shows a higher result since July of 2014 leaving some experts to feel optimistic about the economic future.
All data is conducted through the Survey of Manufacturing Industry. Most importantly, improvement of stock volumes has held up. Entrepreneurs and business leaders differ with opinions on stock sufficiency.
Aloisio Campelo Junior, superintendent of public statistics Ibre/FCV, claims a mild improvement. The Domestic market seems to be recovering slowly and smoothly. Professionals and economic advisors are watching and providing as much help as possible to ensure a positive economic growth for Brazilian businesses. With a positive outlook for Brazil projected by some, the economy is holding it’s own and will continue to slowly improve. This in return will make life better for all in Brazil. Find more of Flavio’s analysis on his website, or read more about him on Wikipedia for a full picture of Flavio’s credibility.