Brazil PMI


Brazil: Manufacturing PMI edges down in February

March 2, 2015

The Markit manufacturing Purchasing Managers’ Index (PMI) fell from January’s 50.7 to 49.6 in December. January’s figure had marked the highest reading in one year. As a result, the PMI index is now below the 50-threshold that separates contraction from expansion in business conditions in the manufacturing sector.

According to Markit, February’s figure came on the back of a fall in both output and new orders. Input costs increased, driven largely by the weaker value of the Brazilian real, while employment was relatively unchanged. Markit analysts stated that, “the key feature of the February dataset was the impact of a weakening Brazilian real, which is raising the cost of manufacturing inputs, particularly those priced in dollar terms.”

Author: Angela Bouzanis, Senior Economist

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Brazil PMI Chart

Brazil PMI February 2015

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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