Confidence levels within Brazilian industry at five-year low

industry confidence
Photo: CNI

A survey by the National Confederation of Industry (CNI) shows that confidence levels within Brazilian industry fell to their lowest levels in five years. 

The organization’s most recent report shows that Brazilian business owners are starting 2022 less hopeful than in previous years, but also with less optimism compared to December 2021. The industrial confidence index for January is at the lowest level compared to the same months in 2018, 2019, 2020, and 2021.

The beginning of 2022 has affected global markets due to the spread of the Omicron coronavirus variant. In Brazil, for example, the rapid increase in cases has altered schedules in the domestic air travel industry.