The Industrial Confidence Index advanced 1.4 points in August, totaling 92.2 points, according to a survey by the Getulio Vargas Foundation (FGV) released today (29) in São Paulo. There was confidence in 11 of the 19 industrial segments evaluated.

The Current Situation Index rose 1.6 points to 90.0 points, the highest value since May 2014. The best perception on the level of inventories contributed to the result. The share of companies that evaluate inventories as excessive fell from 12.1% in July to 10.8% in August, the lowest percentage since February 2014.

It also increased the percentage of companies that consider the level of stocks insufficient: from 3.3% to 3.6% between July and August. In the FGV evaluation, after a consecutive worsening for four months, the companies continue with unwanted industrial stocks in August.

The Expectations Index increased by 1.0 point to 94.4 points. The best prospects for production contributed in the following three months. The survey registered a rise in the proportion of companies predicting production from 29.1% to 34.2%. Those that estimate lower production went from 17.7% to 20.2% of the total. With the result, the expected production indicator advanced 2.9 points to 96.3 points.

The Installed Capacity Utilization Level fell by 0.6 percentage points in August to 74.1%, close to June and below the average of 74.5% in the year.