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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.


Author: Angela Bouzanis, Senior Economist

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Brazil PMI January 2015

Note: Markit HSBC 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: HSBC and Markit.


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