The S&P Global Brazil Composite PMI fell to 55.3 in July of 2022 from 59.4 in the previous month, marking the 13th consecutive period of growth in Brazil’s private sector. Growth in business activity eased from the record pace for the services sector (55.8 vs 60.8 in June), while slightly moderating for the manufacturing sector (54 vs 54.1). Aggregate inflows of new business rose for the 15th consecutive month, although at the softest pace in five months, largely led by an upturn for the services sector. In the meantime, manufacturers led the increase in hiring activity, offsetting the muted pace for service providers. In the price front, the input cost inflation slowed to a five-month low, with firms noting marked price decelerations in both sectors. Looking forward, business confidence was seen higher across the board, amid hopes that economic recovery will continue and presidential elections in October will have a positive result. source: Markit Economics
Composite PMI in Brazil averaged 49.28 points from 2011 until 2022, reaching an all time high of 59.40 points in June of 2022 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 August of 2022.
Composite PMI in Brazil is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Composite PMI is projected to trend around 52.00 points in 2023, according to our econometric models.