The IHS Markit Brazil Manufacturing PMI rose to 56.4 in June of 2021 from 53.7 in the previous month. The latest reading pointed to another acceleration in factory activity and at the quickest pace since February, driven by solid rises in new orders and output. In particular, exports increased for the fifth consecutive month and at the fastest pace over this period. As a result, firms increased input buying and staff numbers at marked rates. Meanwhile, manufacturers continued to face steep increases in input costs and selling prices, as global shortages of raw materials and currency weakness exerted further pressure on cost burdens. On the stock front, there were record rates of increase in both stocks of purchases and finished items. Finally, the overall level of positive sentiment hit a six-month high in June, supported by hopes of greater vaccine availability and that the pandemic will retreat. source: Markit Economics
Manufacturing PMI in Brazil averaged 50.31 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 July of 2021.
Manufacturing PMI in Brazil is expected to be 56.00 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 55.00 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 62.00 points in 2022 and 64.00 points in 2023, according to our econometric models.