The IHS Markit Brazil Composite PMI went up to 53.9 in August 2020 from 47.3 in the previous month. The latest reading pointed to the first expansion in private sector activity since February and the sharpest since January 2013, amid the easing of coronavirus lockdown restrictions. Manufacturing output expanded at the steepest pace on record (PMI at 64.7 vs 58.2 in July) while services activities shrank for the sixth consecutive month (PMI at 49.5 vs 42.5 in July). New orders rose at the quickest rate in nearly a year-and-a-half while on the job front there were contrasting fortunes across the private sector. Job losses were sustained at service providers, but manufacturing worker numbers rose at the sharpest pace in ten-and-a-half years. On the price front, input cost inflation accelerated to a near two-year high on the back of unfavourable exchange rate factors and higher cost of goods in short supply.
Composite Pmi in Brazil averaged 48.43 points from 2011 until 2020, reaching an all time high of 55.50 points in February of 2012 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 September of 2020. source: Markit Economics
Composite Pmi in Brazil is expected to be 53.50 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 51.00 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 52.30 points in 2021 and 51.90 points in 2022, according to our econometric models.