O ICI (Industry Confidence Index) of FGV (Fundação Getulio Vargas) rose 0.1 point in March compared to February, for 96.8 points. By remaining practically stable during the month, the index interrupted the recovery observed in recent months. In quarterly moving averages, the ICI advanced 1.4 points, to 96.5 points.
“The stability of confidence raises a warning for the coming months in the face of an international macroeconomic scenario of rising oil prices and a possible disruption in the production chain”, warns the economist at FGV/Ibre Stefano Pacini.
Additionally, according to him, the increased uncertainty and restrictive monetary policy corroborate the feeling of caution among businesspeople in the coming months.
In detailing the components of the index, the ISA (Current Situation Index) fell 0.2 point, to 97.2 pointswhile the IE (Expectations Index) advanced 0.4 point, to 96.4 points.
O NUTS (Industry Installed Capacity Utilization Level) increased 0.8 percentage point in March, for 82,4%.
Data collection for the March 2026 edition was carried out between the 1st and 24th of the month. The next Industry Survey survey will be released on April 28, 2026.
