Brazil Daily

Brazilian industry buoyant despite bleak pandemic outlook

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

industry brazil confidence
Car-making industry in Camaçari, Bahia. Photo: Joa Souza/Shutterstock

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...

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