The IHS Markit Brazil Manufacturing PMI increased to 51.6 in June 2020 from 38.3 in the previous month. The latest reading pointed to the first expansion in factory activity since March after three months in a state of near paralysis due to the coronavirus pandemic. Output and new orders returned to growth amid the reopening of business and an improvement in demand. The job shedding rate slowed while stocks of inputs were cut for the ninth consecutive month. On the price front, input cost inflation accelerated to a near two-year high amid reports of a rise in the price of dollar-denominated inputs and output cost inflation quickened to its highest since September 2018. Finally, sentiment improved to a four-month high boosted by positive projections for demand and sales in the coming months.

Manufacturing PMI in Brazil averaged 49.21 points from 2012 until 2020, reaching an all time high of 53.50 points in November of 2017 and a record low of 36 points in April of 2020. This page provides the latest reported value for - Brazil Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics

Manufacturing PMI in Brazil is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Brazil to stand at 52.50 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 52.50 points in 2021 and 52.00 points in 2022, according to our econometric models.

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Brazil Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.60 38.30 53.50 36.00 2012 - 2020 points Monthly
SA


News Stream
Brazil Factory Activity Back to Expansion in June
The IHS Markit Brazil Manufacturing PMI increased to 51.6 in June 2020 from 38.3 in the previous month. The latest reading pointed to the first expansion in factory activity since March after three months in a state of near paralysis due to the coronavirus pandemic. Output and new orders returned to growth amid the reopening of business and an improvement in demand. The job shedding rate slowed while stocks of inputs were cut for the ninth consecutive month. On the price front, input cost inflation accelerated to a near two-year high amid reports of a rise in the price of dollar-denominated inputs and output cost inflation quickened to its highest since September 2018. Finally, sentiment improved to a four-month high boosted by positive projections for demand and sales in the coming months.
2020-07-01
Brazil Factory Activity Contracts at Second Fastest Pace on Record
The IHS Markit Brazil Manufacturing PMI rose to 38.3 in May 2020 from an all-time low of 36 in the previous month. Still, the reading pointed to the second sharpest contraction in factory activity on record amid the coronavirus crisis. Output and new orders continued to shrink, albeit at a softer pace. Purchasing activity was reduced at a record pace and job losses mounted at a notable rate. Average lead times deteriorated to the second-greatest degree since series began amid shutdowns and logistical challenges related to measures to contain the coronavirus outbreak. On the price front, input cost inflation accelerated due to higher prices of US dollar-denominated goods and output charges rose sharply despite lower demand and higher competition. Lastly, confidence improved from April’s 49-month low amid optimism over a recovery in output and demand.
2020-06-01
Brazil Factory Activity Shrinks at Record Pace
The IHS Markit Brazil Manufacturing PMI plunged to 36 in April 2020 from 48.4 in the previous month. The latest reading pointed to the sharpest contraction in factory activity on record, amid lockdowns and business closures due to the covid-19. Output and new orders dropped to its lowest level since series began in 2006; and export sales fell steeply. The job shedding rate accelerated to its quickest since June 2016 as firms indicated that employment had been lowered as part of cost cutting efforts. Supplier delivery times lengthened to the second-greatest extent on record amid supply-chain disruption due to shutdowns and material shortages. On the price front, input prices rose at a faster pace than series average driven by currency weakness, and output costs increased markedly. Lastly, sentiment dropped for the second consecutive month to a 49-month low amid concerns around the length of time it would take for the economy to recover.
2020-05-04
Brazil Factory Activity Shrinks the Most in Over 3 Years
The IHS Markit Brazil Manufacturing PMI dropped to 48.4 in March 2020 from 52.3 in the previous month and missing market expectations of 51.7. The latest reading pointed to the sharpest contraction in factory activity since February 2017, amid the coronavirus pandemic. Output declined due to lower customer demand and, in some cases, in response to public health measures to halt the spread of the virus. New orders went down at the fastest pace since January 2017 and export sales dropped further amid factory shutdowns abroad and delayed projects. The job shedding rate accelerated to an over three-year high; while backlogs of work rose for the first time since the truck drivers' protests in June 2018, amid disruptions to international supply chains. On the price front, input cost inflation quickened to an over one-year high mostly due to exchange rate depreciation; and output price inflation hit an 18-month high.
2020-04-01

Brazil Manufacturing PMI
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.