Brazil’s Industrial Entrepreneur Confidence Index (ICEI) dropped to 46.1 points in August, marking the lowest level in 2025 and a 1.2‑point decline month‑on‑month. The continuous slide reflects growing caution among industrial business owners amid economic uncertainty and widening trade pressures. At this level—well below the neutral 50 mark—confidence remains pessimistic, potentially dampening investment and production decisions in the coming months.
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