Business Confidence Index

The Business Confidence Index (BCI) consolidates the confidence indexes of the four macro sectors covered by the business surveys produced by FGV/IBRE: Industry, Services, Trade and Construction. The aggregation is performed by economic weights, taking as reference data extracted from IBGE's annual structural surveys (PIA, PAS, PAC and PAIC). The sector weighting variable is value added, except for the Trade Sector, whose weight is determined by the sales margin. The complete series of business confidence indicators will be seasonally adjusted every month.