The IHS Markit Brazil Composite PMI decreased sharply to 45.1 in March of 2021 from 49.6 in the previous month. The latest reading pointed to the third straight contraction in private sector activity and at the quickest pace since last June. The fastest fall in services activity for eight months (PMI at 44.1 vs 47.1 in February) was accompanied by the slowest growth in manufacturing for nine months (PMI at 52.8 vs 58.4). New orders and employment continued to decline significantly. On the price front, the rate of input cost inflation reached a new record in March. Meantime, aggregate selling prices rose at a softer, albeit still sharp, pace. Looking forward, business sentiment was at a nine month-low and below the series average, dampened by increased concerns over the spike in COVID-19 cases and the re-introduction of restrictions. source: Markit Economics

Composite PMI in Brazil averaged 48.62 points from 2011 until 2021, 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 April of 2021.

Composite PMI in Brazil is expected to be 49.50 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 50.80 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 52.30 points in 2022 and 53.00 points in 2023, according to our econometric models.

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Brazil Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
45.10 49.60 55.90 26.50 2011 - 2021 points Monthly
SA


News Stream
Brazil Private Sector Contracts the Most in 9 Months
The IHS Markit Brazil Composite PMI decreased sharply to 45.1 in March of 2021 from 49.6 in the previous month. The latest reading pointed to the third straight contraction in private sector activity and at the quickest pace since last June. The fastest fall in services activity for eight months (PMI at 44.1 vs 47.1 in February) was accompanied by the slowest growth in manufacturing for nine months (PMI at 52.8 vs 58.4). New orders and employment continued to decline significantly. On the price front, the rate of input cost inflation reached a new record in March. Meantime, aggregate selling prices rose at a softer, albeit still sharp, pace. Looking forward, business sentiment was at a nine month-low and below the series average, dampened by increased concerns over the spike in COVID-19 cases and the re-introduction of restrictions.
2021-04-06
Brazil Private Sector Continues to Shrink
The IHS Markit Brazil Composite PMI increased to 49.6 in February of 2021 from 48.9 in the previous month. Still, the reading pointed to the second straight contraction in private sector activity as weakness in the services sector (PMI at 47.1 vs 47 in January) more than offset solid growth in manufacturing (PMI at 58.4 vs 56.5). New orders and employment fell at a slower pace. On the price front, overall input inflation remained sharp and the rate of output charge inflation climbed to a survey peak. Looking forward, business sentiment remained positive and was strong by historical standards.
2021-03-03
Brazil Private Sector Returns To Contraction
The IHS Markit Brazil Composite PMI decreased to 48.9 in January of 2021 from 53.5 in the previous month. The reading pointed to the first contraction in private sector activity since July, as the services sector shrank the most in six months (PMI at 47 vs 51.1 in December) while manufacturing activity growth slowed noticeably (PMI at 56.5 vs 61.5). A renewed decline in new work intakes caused the first reduction in output for six months and further job shedding. On the price front, the rate of input inflation softened to a four-month low, but was stronger than any seen prior to the COVID-19 crisis. The rate of charge inflation matched that seen in December, thereby remaining marked and among the strongest seen since composite data became available in March 2007. Looking ahead, business sentiment weakened compared to December.
2021-02-03
Brazil Private Sector Activity Rises for 5th Month
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.
2021-01-06

Brazil Composite PMI
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.