Trust levels among industry players went up in June, according to think tank Fundação Getulio Vargas. The trust index reached 77.6 points — with the 16.2-point bump being the biggest rise ever recorded. June was the second consecutive month with an increase in trust levels — a combined 19.4 points. Still, it is just half of the 39.3 points lost between March and April.
In June, all 19 surveyed industrial segments registered a bump in trust levels. According to researchers, that is due to industrialists improving their forecast for the next three months — especially when it comes to production expectations.
“In general, results suggest that the worst moment for the industry sector has passed, even if we remain far from pre-pandemic levels — and even if uncertainty around the business environment for the next six months remains high,” wrote economist Renata de Mello Franco in a statement.Support this coverage →