The IHS Markit Brazil Composite PMI edged down to 53.5 in December of 2020 from 53.8 in the previous month. The reading pointed to the fifth successive expansion in private sector activity but at the slowest pace in the current sequence of expansion. The services sector grew faster (PMI at 51.1 vs 50.9 in November) but continued to underperform its manufacturing counterpart (PMI at 61.5 vs 64). New orders growth slowed, despite remaining marked, with the latest increase the weakest in five months. Meantime, employment rose only marginally. Regarding prices, input prices rose further, with the rate of increase little-changed from November's survey peak. Private sector companies continued to lift their selling prices with the overall rate of charge inflation remaining sharp in spite of slowing from November. Finally, business sentiment was the strongest since February. source: Markit Economics
Composite PMI in Brazil averaged 48.64 points from 2011 until 2020, reaching an all time high of 55.90 points in October of 2020 and a record low of 26.50 points in April of 2020. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Composite PMI in Brazil is expected to be 51.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Brazil to stand at 52.30 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 51.90 points in 2022, according to our econometric models.