Brazil PMI

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Brazil: Manufacturing PMI edges down to five-month low in November

December 1, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) fell to 48.7 in November, which was down from the 49.1 tallied in October. The reading marked a five-month low. 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, November’s figure was driven by decreases in both output and employment. In addition, inflationary pressures in input costs re-emerged, most likely as a result of the real’s depreciation in recent months. Markit stated that the print is, “reinforcing perceptions that the economy is losing momentum in the fourth quarter.”


Author: Angela Bouzanis, Senior Economist

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Brazil PMI November 2014 0

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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