The IHS Markit Brazil Composite PMI plunged to 37.6 in March 2020 from the previous month's 50.9, signaling the steepest month of contraction in the private sector since the series began in March 2007. Service sector contracted at a record pace due to the coronavirus pandemic and manufacturing production also decreased sharply.
Composite Pmi in Brazil averaged 48.89 Index from 2011 until 2020, reaching an all time high of 55.50 Index in February of 2012 and a record low of 37.60 Index in March 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 April of 2020. source: Markit Economics
Composite Pmi in Brazil is expected to be 31.00 Index 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 50.00 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 52.00 Index in 2021 and 51.00 Index in 2022, according to our econometric models.