Brazil PMI November 2018

Brazil

Brazil: Manufacturing PMI hits eight-month high in November

December 3, 2018

Conditions in Brazil’s manufacturing sector improved notably in November. The manufacturing Purchasing Managers’ Index (PMI) rose to 52.7 from October’s 51.1 and marked the best result in eight months. The PMI lies above the crucial 50-threshold and in expansionary territory.

The uptick was driven by faster growth in new business and output. Notably, new orders from abroad returned to growth after having fallen in September and October. In addition, business sentiment hit a record high and companies took on staff in November. Meanwhile, input cost inflation fell to an over one-year low, thanks in part to an improved performance of the real.

Brazil Industrial Production Forecast


The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.6% 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 Chart


Brazil PMI November 2018

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.


Brazil Economic News

  • Brazil: Economic activity quickens slightly in November

    January 16, 2020

    Economic activity rose 0.2% in seasonally-adjusted month-on-month terms in November, up from October’s revised 0.1% increase (previously reported: +0.2% month-on-month).

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  • Brazil: Retail sales disappoint in November

    January 15, 2020

    Retail sales, excluding cars and construction, increased 0.6% from the previous month in seasonally-adjusted terms in November, up from October’s 0.1% increase but notably underwhelming market analysts who had expected Black Friday sales to boost growth to 1.2%. The uptick in November was driven by stronger furniture and appliance spending—boosted by Black Friday promotions—and increased pharmaceutical and medical sales.

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  • Brazil: Inflation jumps in December

    January 10, 2020

    Consumer prices jumped 1.15% in December over the previous month, up from November’s 0.51% increase.

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  • Brazil: Industrial output declines in November

    January 9, 2020

    Industrial production fell 1.2% month-on-month in seasonally-adjusted terms in November, contrasting October’s upwardly revised 0.8% increase (previously reported: +0.3% month-on-month).

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  • Brazil: Manufacturing PMI ticks down in December

    January 2, 2020

    Conditions in Brazil’s manufacturing sector improved at the weakest pace in five months in December, with the manufacturing Purchasing Managers’ Index (PMI) edging down to 50.2 from 52.9 in November.

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