Brazil: Manufacturing PMI rises in October
November 1, 2017
Conditions in Brazil’s manufacturing sector improved in October, reaffirming that an economic recovery is taking hold. The Markit manufacturing Purchasing Managers’ Index (PMI) rose from September’s 50.9 to 51.2, the best reading since May. As a result, the PMI lies further above the crucial 50-threshold that separates expansion from contraction in business conditions in the manufacturing sector.
According to IHS Markit, the manufacturing sector added jobs for the first time in over two-and-a-half years in October, boosting the PMI reading. Output grew for an eighth consecutive month and firms purchased greater inputs to support stronger activity. However, price pressures were elevated in October, partly due to higher prices for energy, metals and fuels.