The IHS Markit Brazil Composite PMI decreased sharply to 45.1 in March of 2021 from 49.6 in the previous month. The latest reading pointed to the third straight contraction in private sector activity and at the quickest pace since last June. The fastest fall in services activity for eight months (PMI at 44.1 vs 47.1 in February) was accompanied by the slowest growth in manufacturing for nine months (PMI at 52.8 vs 58.4). New orders and employment continued to decline significantly. On the price front, the rate of input cost inflation reached a new record in March. Meantime, aggregate selling prices rose at a softer, albeit still sharp, pace. Looking forward, business sentiment was at a nine month-low and below the series average, dampened by increased concerns over the spike in COVID-19 cases and the re-introduction of restrictions. source: Markit Economics
Composite PMI in Brazil averaged 48.62 points from 2011 until 2021, reaching an all time high of 55.90 points in October of 2020 and a record low of 26.50 points in April of 2020. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Composite PMI in Brazil is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Brazil to stand at 50.80 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 52.30 points in 2022 and 53.00 points in 2023, according to our econometric models.