The S&P Global Brazil Manufacturing PMI fell to 49.1 in May 2026 from 52.6 in the previous month, signaling a renewed deterioration in factory activity after April's expansion. The survey showed manufacturers ended stockpiling efforts, with both purchasing activity and production declining amid weaker demand. Total new orders fell for the fourteenth consecutive month, while export sales contracted sharply as tariffs and the war in the Middle East weighed on demand. Supply-chain disruptions remained severe, with vendor shortages and the conflict causing one of the sharpest deteriorations in delivery times in nearly four years. As a result, input cost inflation stayed close to record highs, driven by rising energy prices, while output charges increased at one of the fastest rates since 2021. Still, manufacturers remained optimistic about future production, citing hopes for improved economic conditions after the presidential elections and an eventual end to the Middle East conflict. source: S&P Global

Manufacturing PMI in Brazil decreased to 49.10 points in May from 52.60 points in April of 2026. Manufacturing PMI in Brazil averaged 50.30 points from 2012 until 2026, reaching an all time high of 66.70 points in October of 2020 and a record low of 36.00 points in April of 2020. This page provides the latest reported value for - Brazil Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Brazil decreased to 49.10 points in May from 52.60 points in April of 2026. Manufacturing 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. In the long-term, the Brazil Manufacturing PMI is projected to trend around 54.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 47.20 45.20 points May 2026
Capacity Utilization 78.00 75.90 percent Mar 2026
Car Production MoM 238500.00 263600.00 Units Apr 2026
New Car Registrations MoM 248300.00 269500.00 Units Apr 2026
Changes in Inventories -113828.00 16607.34 BRL Million Dec 2025
Composite Leading Indicator 104.02 103.64 points Apr 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 2.70 4.40 percent Apr 2026
Industrial Production MoM 0.70 0.30 percent Apr 2026
IBC-BR Economic Activity -0.70 0.60 percent Mar 2026
Manufacturing Production 4.20 -2.60 percent Mar 2026
Mining Production 4.70 10.10 percent Mar 2026
Small Business Sentiment 44.60 46.10 points Apr 2026
Steel Production 2700.00 2800.00 Thousand Tonnes Apr 2026
Total Vehicle Sales 187313.00 206361.00 Units Apr 2026


Brazil Manufacturing PMI
In Brazil, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Brazil Manufacturing PMI Returns to Contraction
The S&P Global Brazil Manufacturing PMI fell to 49.1 in May 2026 from 52.6 in the previous month, signaling a renewed deterioration in factory activity after April's expansion. The survey showed manufacturers ended stockpiling efforts, with both purchasing activity and production declining amid weaker demand. Total new orders fell for the fourteenth consecutive month, while export sales contracted sharply as tariffs and the war in the Middle East weighed on demand. Supply-chain disruptions remained severe, with vendor shortages and the conflict causing one of the sharpest deteriorations in delivery times in nearly four years. As a result, input cost inflation stayed close to record highs, driven by rising energy prices, while output charges increased at one of the fastest rates since 2021. Still, manufacturers remained optimistic about future production, citing hopes for improved economic conditions after the presidential elections and an eventual end to the Middle East conflict.
2026-06-01
Brazil Factory Activity Rebounds to 1-Year High
The S&P Global Brazil Manufacturing PMI rose to 52.6 in April of 2026 from 49 in the previous month, reflecting the first expansion in the country's factory activity in one year, and the highest in 14 months. The survey indicated that goods producers recorded a surge in production as clients aimed to front-load purchases of their input goods before disruptions from the war in the Middle East would result in shortages. Hence, demand improvements drove production increases to center around industries with exposure to the war, driving domestic orders to continue falling. The higher demand for capital goods, in addition to already-present supply disruptions from the war, drove input cost inflation to its highest in survey history, while output charges rose the most since September 2020. Still, business optimism was buoyed by hopes that the war could end soon, maintaining traction for orders.
2026-05-04
Brazil Manufacturing PMI Edges Up in March
Brazil's S&P Global Manufacturing PMI edged up to 49.0 in March 2026 from 47.3 in February, marking the slowest contraction since May 2025 but remaining below 50.0 for the 11th consecutive month. New orders fell sharply, though at the slowest pace since December, as weak demand, Middle East tensions, and constrained budgets weighed on sales. Export orders stabilized after 11 months of decline, with some firms accessing new markets via US tariffs, though Argentina and China sales fell. Factory production contracted mildly, the weakest since October, with some restocking offsetting order cancellations. Input costs surged to an 18-month high on Middle East tensions and oil prices, prompting firms to raise selling prices to an 11-month peak. Employment rose slightly for the second straight month. Business confidence weakened to an 11-month low amid competition, geopolitical risks, and election uncertainty.
2026-04-01