Brazil Manufacturing PMI

Last Release

Jul 31, 2024

Actual

Units In

Points

52.5

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
66.7 Oct 2020	36 Apr 2020	50.38 Points	2012-2024	Markit Economics

In Brazil, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The S&P Global Brazil Manufacturing PMI eased to 52.9 in October 2024 from 53.2 in September, though still pointing to solid growth across the country's manufacturing sector for the tenth straight month. Output volumes experienced a significant increase, with the growth rate reaching its strongest level since April. New orders rose for the 10th consecutive month, although at a slower pace than in September. A resurgence in international demand helped offset a slight decline in domestic sales, with firms particularly noting improved demand from Africa, Japan, and the Americas. As a result, companies increased inventories at a solid rate in anticipation of future sales growth. The pace of job creation remained solid but eased to the weakest in ten months. On the price front, the data indicated a reduction in cost pressures and a more modest increase in selling prices. Lastly, the overall level of positive sentiment increased from the prior month.