The Brazilian industry has in recent months, been suffering from major setbacks. However, experts predict that this is normal occurrence, and that the industry is on a recovery path. Entrepreneur Flavio Maluf is one of the industrialists who hold onto this position. According to him, there will likely be an improvement, which will attract entrepreneurs once more. Despite this, a number of prospective entrepreneurs are still pessimistic about the chances of recovery.
The Industrial Confidence Index (ICI) recently stated that there has been a general increase in the level of business confidence. Since September 2016, the index has experienced an increase of 2.1. This is a major recovery considering that the previous month, there was a decrease of 1 point. It is from these figures that Mr. Maluf predicts there will be a further increase in October.
How the Data is Obtained
Normally, this data is obtained through an in-depth analysis of executives’ perspectives concerning monetary activities in the industry. There is always a general emphasis on the preceding six months. The Ibre / FGV (Brazilian Institute of Economics of the Getulio Vargas Foundation often conducts this survey on the manufacturing sector. In September, the institution sampled the sentiments of over 1100 business leaders in the manufacturing industry.
Maluf points out to Exame.Abril that an improvement in the volume of stocks is a sign that players in the industry should brace themselves for better times. However, he advises entrepreneurs to exercise caution before making investments since the number of business executives who took part in the evaluation dropped. Though the drop was marginal, it is unadvisable to make blind investments before analyzing the existing investment climate first.
About Flavio Maluf
Flavio Maluf is a prominent Brazilian entrepreneur, corporate executive, and mechanical engineer. Currently, he serves as the President of Eucatex, a Brazilian corporation that has interests in the construction industry. Mr. Maluf studied at FAAP in Sao Paolo before proceeding to New York University. His competent and transformative leadership has helped Eucatex to become one of the most profitable corporations in Brazil. Since ascending to the helm, he has continuously endeavored to come promote innovations that are not only beneficial to Eucatex, but also to the entire industry.