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.