Brazil: Manufacturing PMI ticks up in January
February 2, 2015
The Markit manufacturing Purchasing Managers’ Index (PMI) rose to 50.7 in January from December’s 50.2. The figure marked the highest reading in one year. As a result, the PMI index is now further above the 50-threshold that separates expansion from contraction in business conditions in the manufacturing sector.
According to Markit, January’s figure came on the back of a rise in both output and new orders. However, employment was largely unchanged from the previous month. In addition, input costs increased, driven largely by the weaker value of the Brazilian real in January.