Brazil PMI


Brazil: Manufacturing PMI falls into contraction territory

October 1, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) fell to 49.3 in September, which was down from the 50.2 tallied in August. The PMI index is now just below the 50 threshold that separates contraction from expansion in business conditions in the manufacturing sector.

According to Markit, September’s figure was driven by decreases in both output and new orders. In addition, input and output prices decreased simultaneously for the first time in over five years. Markit stated that the figure was the result of, “the generally depressed state of the market and the upcoming election.”

Author: Angela Bouzanis, Senior Economist

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Brazil PMI Chart

Brazil PMI September 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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