The IHS Markit Brazil Manufacturing PMI increased to 66.7 in October 2020 from 64.9 in the previous month. The reading pointed to the fifth consecutive expansion in factory activity and the steepest on record, as output rose sharply and the job creation rate accelerated to an all-time high. At the same time, new orders advanced at the third quickest pace on record amid improved demand conditions, the reopening of some businesses following coronavirus lockdowns and restocking efforts at their clients. Export sales went up the greatest extent since series began. On the price front, input price inflation hit an all-time high driven by raw material shortages and real depreciation, and output cost inflation accelerated to a record high. Lastly, sentiment remained positive boosted by capital investment, expansion into new markets and new product releases. source: Markit Economics
Manufacturing PMI in Brazil averaged 49.78 points from 2012 until 2020, reaching an all time high of 66.70 points in October of 2020 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 November of 2020.
Manufacturing PMI in Brazil is expected to be 66.50 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 60.00 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 58.00 points in 2021 and 56.00 points in 2022, according to our econometric models.