Brazilian entrepreneur Flavio Maluf, president of the Eucatex company has proven far more optimistic about the viability of an improvement in the sector in coming months.


ICI (Industrial Confidence Index) confirmed there was an increase of 2.1 in this index after suffering a decline of 1 point. In September, the ICI reached 88.2 points compared to 86.1 the previous month. Flavio Maluf advises that this was the highest result achieved by the index since July 2014, when it reached 88.8 points.


ICI data analysis is obtained by analyzing the perspectives of executives on activities from the present up until the following six months. The Ibre / FGV (Brazilian Institute of Economics of the Getulio Vargas Foundation) conducts the Survey of Manufacturing Industry.


EI (Expectations Index) was what hit the highest score since the rise of 2.5 points took the index to reach 89.8 points.


One of the most important aspects is the involvement of a glut of the stock. Flavio Maluf notes that the percentage of leaders who evaluated the stock as scarce in September is the highest since the fifth month of 2013, when the figure reached 7.3%.


Aloisio Campelo Junior, superintendent of public statistics Ibre / FGV, said there must be a mild improvement, because the domestic market has also displayed a recovery quite slow. However, he claims that the outlook for the coming months are positive, due to the fact that between the third and the ninth month of 2016 the index had a cumulative increase of over 13 points.  Flavio makes similar points on Facebook, with a more personal touch.