Brazil PMI May 2022


Brazil: Manufacturing PMI hits highest reading since September 2021 in May

June 1, 2022

The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.2 in May, up from April's 51.8. May's result marked the strongest reading since September 2021. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in business conditions compared to the previous month.

May’s uptick was driven by faster growth in output and new orders, an upturn in input purchasing and the fastest pace of job creation in seven months. Meanwhile, cost pressures intensified amid China’s Covid-19 restrictions and the war in Ukraine.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production decreasing 0.7% in 2022, which is down 0.3 percentage points from last month’s estimate, and growing 1.9% in 2023.

Author:, Economist

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Brazil PMI Chart

Brazil PMI May 2022

Note: Seasonally-adjusted S&P Global Brazil Purchasing Managers’ Index (PMI). A reading above 50 indicates an overall increase compared to the previous month, while a value below 50 indicates an overall decrease.
Source: S&P Global.

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