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.”