The IHS Markit Brazil Manufacturing PMI increased to 64.7 in August 2020 from 58.2 in the previous month. The reading pointed to the third consecutive expansion in the manufacturing sector and the sharpest on record, as demand and domestic market activity strengthened amid the easing of coronavirus lockdown restrictions. Output and new orders rose at the fastest pace on record and the job creation rate accelerated to its highest level in ten-and-a-half years. Meantime, export sales shrank for the twelfth straight month while average lead times deteriorated at an unprecedented rate as firms reported insufficient stocks to deal with higher demand and amid logistical difficulties due to pandemic. On the price front, input prices quickened on the back of stock shortages, rising demand and unfavourable exchange rate factors and output charges advanced at a record pace. Finally, sentiment remained high boosted by hopes of a rise in activity from present levels.
Manufacturing PMI in Brazil averaged 49.46 points from 2012 until 2020, reaching an all time high of 64.70 points in August of 2020 and a record low of 36 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. Brazil Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Markit Economics
Manufacturing PMI in Brazil is expected to be 64.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Brazil to stand at 55.00 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 53.00 points in 2021 and 52.00 points in 2022, according to our econometric models.