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Brazil's industry confidence highest in 11 years

Updated:2010-01-27 14:43:05

Brazil's Industry Confidence Index (ICI) rose to 68.7 points in January, hitting its highest level in 11 years, said a study by the National Industry Confederation (CNI) on Tuesday.

The confidence index in January went up 2.8 points from the latest quarterly reading in October, and was 21.3 points higher than the same period last year, according to the CNI.

The figure reflected that the Brazilian industrialists have become more optimistic about the country's economic situation in the next six months, the CNI study said.

It also showed that the economic crisis seemed to have come to an end and the Brazilian economy was slowly returning to its normal levels, said CNI's research chief, Renato da Fonseca.

The CNI study, carried out from Jan. 4 to 22, was based upon a survey of 1,431 Brazilian companies.

Meanwhile, the Getulio Vargas Foundation (FGV) said Tuesday that the country's consumer confidence index rose to 113 points in January, up 0.6 percent from December.

 

 

Source:http://news.xinhuanet.com

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