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Getulio Vargas Foundation reported this Monday that the preview of the Industry Survey signals that the ICI is expected to increase in June
The week starts with good news in the industrial sector. According to the Getulio Vargas Foundation, the industry in Brazil will show strong recovery this June. Oil and Gas Company Plans to Invest US$ 200 Million in Onshore Fields in Rio Grande do Norte.
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Recording the highest positive monthly variation, the expectation of entrepreneurs for the industrial sector is positive amid the current situation and regarding the coming months.
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According to information from the Getulio Vargas Foundation, this Monday (22/06), the preview of the Industry Survey signals that the Industry Confidence Index (ICI) is expected to reach 76.6 points in June, an increase of 15.2 points compared to the previous month.
If the results are confirmed, this will be the largest positive monthly variation ever recorded for the industrial sector amid the crisis.
“The increase in confidence in June is the result of an improvement in entrepreneurs’ evaluations regarding the present and, mainly, for the next three to six months”, said FGV in a statement.
The data regarding the Expectations Index by FGV shows the perception of entrepreneurs about the future of the industry in Brazil, which has been recovering in the last two months more than half of the decline observed in April due to the Covid-19 pandemic.
The improvement in entrepreneurs’ sentiment regarding the industry in Brazil occurs amid the relaxation of quarantine measures in important economic centers of the country, such as several cities in the State of São Paulo.
