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.

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Brazil Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.50 61.50 66.70 36.00 2012 - 2021 points Monthly
SA


News Stream
Brazil Factory Activity Loses Momentum in January
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.
2021-02-01
Brazil Factory Growth Remains Strong
The IHS Markit Brazil Manufacturing PMI fell to 61.5 in December of 2020 from 64 in November, but still pointed to strong growth in factory activity. Output, new orders and employment continued to grow solidly but at slower rates. Input buying increased for the sixth straight month and quicker than any seen prior to the COVID-19 outbreak. Meanwhile, stocks of purchases declined markedly, amid reports of ongoing difficulties in obtaining key materials. On the price front, both average input costs and output charges were among the steepest in the survey history, linked to raw material shortages and a weaker real. Finally, business sentiment remained positive in December, supported by hopes that the COVID-19 pandemic will end and raw material availability will improve.
2021-01-04
Brazil Factory Growth Remains Robust
The IHS Markit Brazil Manufacturing PMI fell to 64 in November of 2020 from a record 66.7 in October. Still, the reading pointed to a strong growth in factory activity, with producers lifting output sharply in response to sustained sales growth. Buoyed by improved business conditions, firms continued with their hiring efforts and purchased additional inputs amid attempts to increase safety stocks. Disruptions to supply chains meant that inventories fell, while raw material scarcity and real depreciation underpinned a record rise in input costs. Concurrently, currency weakness supported the sharpest upturn in exports since data were first collected in February 2006. Furthermore, growth remained broad-based across the consumer, intermediate and investment goods sectors.
2020-12-01
Brazil Factory Activity Grows at Record Pace in October
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.
2020-11-03

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.