Brazil Composite PMI

Last Release

Aug 31, 2023

Actual

50.6

Units In

Points

49.6

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	49.44 Points	2011-2023	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 Brazil Composite PMI was at 50.6 in August of 2023, rebounding from 49.6 in the previous month to reenter the expansionary territory. Higher private-sector activity was noted for both service providers (50.6 vs 50.2 in July) and goods producers (50.1 vs 47.8) during the period. Aggregate new orders increased further, largely due to strong demand for new business for service-sector companies. Additionally, broad-based employment rose for a sixth consecutive month, as the period saw a reinstatement in job growth in factories while hiring activity accelerated for service providers. In turn, input prices rose at a faster rate for Brazilian companies, signaling a return to inflation, although the pace of increase remained below long-term averages. Looking ahead, the outlook of interest rate cuts by the central bank pinned optimism for businesses.