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.