Brazil: Industrial Confidence Slips Further in February.

Brazil’s Industrial Business Confidence Index fell 0.3 point to 48.2 in February 2026, remaining below the 50-point threshold. The Current Conditions Index declined to 43.8, down 0.2 point from January. Entrepreneurs’ assessment of the broader Brazilian economy became slightly less negative (+0.6 point to 38.6), while perceptions of their own companies worsened (-0.6 point to 46.4). The Expectations Index also eased to 50.4, down 0.3 point. Expectations for firms weakened (-0.5 point to 54.3), while outlooks for the Brazilian economy improved marginally (+0.2 point to 42.7), though they remained in negative territory.