Brazil PMI June 2018


Brazil: Manufacturing PMI drops to 15-month low in June

July 2, 2018

Conditions in Brazil’s manufacturing sector weakened in June according to the IHS Markit. The manufacturing Purchasing Managers’ Index (PMI) decreased from 50.7 in May to 49.8 in June, the worst result since March 2017. As a result, the PMI still lies below the crucial 50-threshold and in contractionary territory.

The fall in the index was attributed to declines in new orders and output, as the truckers’ strike at the start of the month caused widespread disruptions to economic activity. Shortages of basic materials caused a rise in outstanding business and input cost inflation climbed due to scarcity of goods. In addition, business confidence fell to an eight-month low.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.6% in 2018, which is unchanged from last month's estimate. In 2019, industrial output is expected to grow 3.5%.


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Brazil PMI Chart

Brazil PMI June 2018

Note: Markit 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: IHS Markit.

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