Brazil: Industrial Pessimism Deepens in September.

Brazil’s Industrial Business Confidence Index fell 1.4 points to 44.9 in September 2026, remaining below the 50-point threshold and marking 21 consecutive months of pessimism. The Current Conditions Index dropped 2.5 points to 40.2, driven mainly by a more negative assessment of the economic environment. The index for Brazil’s economy fell 3.6 points to 33.0, while the measure of companies’ own conditions declined 1.9 point to 43.8. The Expectations Index also deteriorated, falling 0.9 point to 47.2, as expectations for the Brazilian economy dropped 0.6 point to 39.1. Expectations for companies’ own conditions fell 1.0 point to 51.3.