FX.co ★ Brazil Business Confidence Holds in Contraction in 2026

In January 2026, Brazil’s Industrial Entrepreneur Confidence Index experienced a slight uptick, reaching 48.5 compared to 48.0 in December. However, the index has consistently stayed below the 50-point mark throughout 2025, indicating ongoing pessimism among industrial firms. The Current Conditions Index rose to 44.0. Evaluations of individual company conditions improved by 0.8 points, reaching 47.0, although perceptions of the overall Brazilian economy declined by 1.1 points to 38.0. Meanwhile, the Expectations Index increased to 50.7, barely surpassing the neutral point. Economic forecasts declined by 0.4 points to 42.5, although anticipations for individual companies saw an increase of 1.2 points, reaching 54.8.