CNI: Brazil construction confidence index slumps in September

Despite the drop, CNI reported that the index is still higher than its historical average, which is 35.2 points, "indicating that although the intention to invest is lower than in August, it is still higher than the intention to invest observed in recent years."

RIO DE JANEIRO, BRAZIL - The Industrial Entrepreneur Confidence Index (ICEI) of the construction industry recorded a sharp drop in September, down 5 points compared to August, reported yesterday the Brazilian National Confederation of Industry (CNI).

This month, the index stood at 54.7, its largest slump since March 2021. The index ranges from 0 to 100 points. Values over 50 points show confidence in the industry sector and the higher it is over 50 points, the greater and more widespread is business confidence. The closer to 0, the lower the confidence.

"Between August and September, the current conditions index for . . .

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