Brazil PMI August 2018

Brazil

Brazil: Manufacturing PMI rises further into expansionary territory in August

September 4, 2018

Conditions in Brazil’s manufacturing sector improved in August. The manufacturing Purchasing Managers’ Index (PMI) rose from 50.5 in July to 51.1 in August. As a result, the PMI lies above the crucial 50-threshold and in expansionary territory.

The uptick in the index was attributed to faster growth in output and new orders. That said, firms’ shed jobs in August and input cost inflation hit a 10-year high due to a weak real and higher commodity prices. Meanwhile, business confidence improved in August.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.2% in 2018, which is unchanged from last month's estimate. In 2019, industrial output is expected to grow 3.6%.


Author: Angela Bouzanis, Senior Economist

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Brazil PMI August 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.


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