Brazil PMI August 2019

Brazil

Brazil: Manufacturing PMI hits five-month high in August

September 2, 2019

Conditions in Brazil’s manufacturing sector appear to have improved in August. The manufacturing Purchasing Managers’ Index (PMI) came in at a five-month high of 52.5, up from July’s over one-year low of 49.9. As a result, the PMI now lies above the crucial 50-threshold, signaling expansionary conditions in the manufacturing sector.

August’s upturn reflected growing output and the sharpest rise in new orders seen in over a year. In addition, firms’ ended jobs in August after the previous three months of job losses. Economic sentiment also perked up, rising to a four-month high. Meanwhile, input price inflation eased.

The analysts surveyed by FocusEconomics for the LatinFocus Consensus Forecast see industrial production growing 0.1% in 2019, which is unchanged from last month’s estimate. In 2020, industrial output is expected to grow 2.9%.


Author: Angela Bouzanis, Lead Economist

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Brazil PMI August 2019

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.


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