Coronavirus

Industry trust levels go up in Brazil, says think tank

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.

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Gustavo Ribeiro

An award-winning journalist, Gustavo has extensive experience covering Brazilian politics and international affairs. He has been featured across Brazilian and French media outlets and founded The Brazilian Report in 2017. He holds a master’s degree in Political Science and Latin American studies from Panthéon-Sorbonne University in Paris.

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