Today, industry confidence levels growing across the board, even with threats of a third coronavirus wave. Employment figures are positive, but do they tell the full story? Petrobras still banking on oil, ignoring renewables
Despite looming third wave, industry sectors gain confidence
A new survey by the National Confederation of Industry (CNI) shows an increase in confidence levels across 28 industrial sectors in Brazil, out of a total of 30. Measured on a 0 to 100 scale, all sectors came in above the 50-point optimism threshold. However, this reinforced self-assurance comes as Brazil stares down the prospect of a third coronavirus infection wave, which is already forcing states to scale back their reopening processes.
- Notable improvements were measured among automakers (from 29.6 to 60.6 points) and computer equipment producers (from 30.1 to 58.1 points). Optimism among the latter is somewhat surprising, given forecasts that the global semiconductor shortage is set to drag on for longer in Brazil.
Why it matters. Well over a year since Brazil’s first coronavirus case, both government and industry sectors have managed to adapt to the pandemic. The former has eased restrictions on factories and the latter have adapted their production processes to new sanitary rules.
Yes,...