Brazil Composite PMI

Last Release

Mar 31, 2024

Actual

55.1

Units In

Points

55.1

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
59.4 Jun 2022	26.5 Apr 2020	49.56 Points	2011-2024	Markit Economics

In Brazil, the Markit Brazil Composite PMI Index tracks business trends across both the manufacturing and service sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Latest Updates

The S&P Global Composite PMI for Brazil held steady at 55.1 in March 2024, marking the fastest expansion in private sector activity in 20 months. Services activity accelerated to a PMI of 54.8, the highest in over 1-1/2 years, while manufacturing eased slightly but still showed strong expansion at 53.6. New orders rose faster in manufacturing but softened in services. Sales expanded at the same pace as February, the quickest since July 2022, while private sector employment saw its strongest growth since October 2022, driven by faster services growth. Meanwhile, cost pressures surged to their highest level since October, with sharper increases in service costs. However, prices charged for Brazilian goods and services rose at the slowest rate in four months due to softer increases in both manufacturing and services.