Brazil PMI June 2017

Brazil

Brazil: Manufacturing PMI eases from May's high in June

July 3, 2017

Conditions in Brazil’s manufacturing sector eased slightly in June, after a strong May. The Markit manufacturing Purchasing Managers’ Index (PMI) fell from a multi-year high of 52.0 in May to 50.5 in June. Despite the fall, the PMI remains above the crucial 50-threshold that separates expansion from contraction in business conditions in the manufacturing sector.

According to IHS Markit, the moderation reflected a softer rise in output and new orders. In addition, buying levels fell and employment dropped. Despite broad gains in the index over the past months, the improvement has yet to translate into the labor market. Price pressures picked up in the month, largely due to a weak real.


Author: Angela Bouzanis, Senior Economist

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Brazil PMI June 2017

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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