Brazilian entrepreneurs have suffered constant disappointments despite high confidence in the sector. Flavio Maluf, the CEO of Eucatex, remains upbeat about a turn in form despite the market situation. Despite rising faith in better results, analysts are still uncertain about the spiraling trend in the manufacturing industry.
The increase in business confidence is attributed to a recent report by ICI. The Industrial Confidence Index revealed an increment of 2.1 in the latest figures. Such statistics on mundodomarketing.com are a positive indication from the 88.2 points recorded in August. Afterward, the figure rose to 88.8 points which are the highest numbers since July 2014.
The data obtained is based on an analysis of financial activities within the last six months. The Brazilian Institute of Economics conducted the research of the Manufacturing Industry. By September, the Institute at http://economia.estadao.com.br/noticias/releases-ae,veja-com-o-empresario-flavio-maluf-os-melhores-setores-para-empreender-em-2017,70001657806 had collected 1,120 opinions from business leaders. In addition, results from the survey indicated an improvement in 12 of the 19 sections analyzed. Furthermore, such results were also extrapolated for the next six months.
Entrepreneurs also hailed the increase in stock turnover during the research period. Even though previous figures had dropped from 14.1% to 12%, there is a silver lining in the horizon. Population wise, Flavio Maluf reports that 7.1% of businesspersons thought that stocks were insufficient. Such a percentage is expected to rise in recent months if the situation is not solved.
Analysts are of the opinion that market recovery will pick up speed, despite the sluggish growth experienced on eleicoesepolitica.com. Aloisio Campelo, a public statistics superintendent, advocates for adequate domestic market attention to improving the economy. Furthermore, an increase of 13 points in September is expected to boost the recovery process.
Background of Flavio Maluf & Eucatex Group
Mr. Maluf has served as the CEO of Eucatex Group since April 2005. In addition, he also owns Golden and Premier Pet, which are brands of feed. Before working for Eucatex, Flavio Maluf worked for numerous companies such as Sistema and Citibank.
Eucatex is a leading provider of insulating materials and ceiling from eucalyptus fiber on LinkedIn. The company is an advocate of green production techniques to conserve the environment. Based in Salto, the enterprise focuses on the production of MDP Boards and wood panels. The firm holds 41% of the market share, and is the second largest provider of wood fiber panels.