Brazil PMI March 2019

Brazil

Brazil: Manufacturing PMI edges down in March

April 1, 2019

Conditions in Brazil’s manufacturing sector appear to have weakened somewhat in March. The manufacturing Purchasing Managers’ Index (PMI) fell from an 11-month high of 53.4 in February to 52.8 in March. Despite the drop, the PMI is still above the crucial 50-threshold, signaling expansionary conditions.

March’s print reflected slower growth in new orders and employment than in February. Orders from abroad dropped for the fourth consecutive month and jobs were added at a modest pace. On the price front, input cost inflation edged higher, chiefly due to a weaker real.

The analysts surveyed by FocusEconomics for the LatinFocus Consensus Forecast see industrial production growing 2.8% in 2019, which is unchanged from last month’s estimate. In 2020, industrial output is expected to grow 3.3%.


Author: Angela Bouzanis, Lead Economist

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Brazil PMI March 2019

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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