Entrepreneur confidence in the growth industry of Brazil has experienced a number of falls from the start of 2015. Flavio Maluf, a Brazilian entrepreneur and Eucatex president, remains optimistic that the sector will experience some growth in the coming months. There is no growth that has been witnessed since August leading to rising pessimism.
Increased Confidence among Entrepreneurs
An increase in the entrepreneurs’ confidence was confirmed by ICI (Industry Confidence Index) in September. There was a 2.1 increase on the index which had suffered a retraction of one point in August. ICI reported that it reached 88.2 points in September compared to 86.1 in August. Flavio notes that this is the highest index result achieved since it got to 88.8 points back in July 2014. The ICI data is usually obtained from carrying out an analysis of executives’ perspectives on their monetary activities and others for the subsequent six months. In September, the institute had gathered opinions of over 1,120 companies.
Aloisio Campelo Junior, public statistics superintendent of Ibre/FGV expressed hope that there could be a soft improvement from the analysis of the data presented. Despite the fact that the domestic market is presenting a very slow recovery, the outlook of the coming months looks positive. This is following the over 13 points cumulative increase noted from the third to ninth month of the year 2016. This is a great step in the right direction although the numbers cannot be described as good enough. Another fact that is important is the Level of Installed Capacity (Nuci) which reported a 0.9% increase in September to reach 74.7%, the highest point since December 2015.
Flavio Maluf is a Brazilian Businessman and a Mechanical Engineer by profession. He is a graduate from Armando Alvares Penteado Foundation (FAAP), having successfully completed his Mechanical Engineer Bachelor’s degree. He is the current president and CEO of the Eucatex Company from April 29, 2005. He also leads the GrandFood Group which owns feed brands like Golden and premier Pet. He also serves as the Chairman of the Board of Directors at the Eucatex S.A. Industria e Comercio.