Brazil PMI


Brazil: Manufacturing PMI crosses into expansionary territory

September 1, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) increased to 50.2 in August, which was up from the 49.1 tallied in July. August’s reading marked the highest print since March of this year. The PMI index is now just above the 50 threshold that separates expansion from contraction in business conditions in the manufacturing sector.

According to Markit, August’s figure was driven by increases in both output and purchasing activity. In addition, Markit stated that business activity may have rebounded following the end of the disruptive effects of the FIFA World Cup.

Author: Angela Bouzanis, Senior Economist

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Brazil PMI Chart

Brazil PMI August 2014

Note: Markit HSBC Brazil Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: HSBC and Markit.

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