Brazil PMI


Brazil: Manufacturing PMI edges down in October

November 3, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) fell to 49.1 in October, which was down from the 49.3 tallied in September. The PMI index is now further below the 50 threshold that separates contraction from expansion in business conditions in the manufacturing sector.

According to Markit, October’s figure was driven by decreases in both output and new orders. In addition, input costs decreased for the second consecutive month. Markit stated that, “manufacturers adjusted their output according to the generally depressed state of the market and the negative influence of the election.”

Author: Angela Bouzanis, Senior Economist

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Brazil PMI Chart

Brazil PMI October 2014

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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