The IHS Markit Brazil Manufacturing PMI fell to 56.5 in January of 2021 from 61.5 in December, pointing to the smallest expansion in the sector since June. New orders and production continued to rise solidly although at weaker rates, while export orders broadly stagnated. At the same time, job creation softened to the weakest in the current seven-month sequence of expansion as firms became increasingly cautious about their outlays. Purchasing activity was the weakest in seven months while inventories of purchases decreased amid reports of supply shortages and delivery delays. On the price front, the rate of input inflation remained sharper than any seen prior to the COVID-19 pandemic, amid reports of worldwide raw material shortages. As a consequence, Brazilian goods producers continued to lift their own charges. Looking ahead, positive sentiment was supported by the roll-out of COVID-19 vaccines, new product launches and marketing efforts. source: Markit Economics
Manufacturing PMI in Brazil averaged 50.09 points from 2012 until 2021, 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 February of 2021.
Manufacturing PMI in Brazil is expected to be 65.00 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 58.00 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 56.00 points in 2022, according to our econometric models.