Brazil’s S&P Global Manufacturing PMI edged up to 47.3 in February 2026 from 47.0 in January, still signaling solid sector deterioration and marking the 10th straight month below 50. Capital goods remained the weakest sub-sector, while intermediate goods saw a marked decline matching January’s pace; consumer goods stabilized. New orders fell sharply, the fastest drop since September, and export orders declined for the 11th straight month. Firms cut production further, with the steepest contraction since June 2023, except at consumer goods makers, which saw renewed output growth. Employment rose marginally as some firms hired amid staffing shortages. Business confidence stayed positive, fueled by advertising, planned investment, new product launches, and the FIFA World Cup. source: S&P Global

Manufacturing PMI in Brazil increased to 47.30 points in February from 47 points in January 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 increased to 47.30 points in February from 47 points in January of 2026. Manufacturing PMI in Brazil is expected to be 49.30 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 48.20 48.50 points Feb 2026
Capacity Utilization 75.00 73.40 percent Jan 2026
Car Production MoM 204300.00 159552.00 Units Feb 2026
New Car Registrations MoM 185200.00 170536.00 Units Feb 2026
Changes in Inventories -113828.00 16607.34 BRL Million Dec 2025
Composite Leading Indicator 102.81 102.37 points Feb 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 0.20 -0.10 percent Jan 2026
Industrial Production MoM 1.80 -1.90 percent Jan 2026
IBC-BR Economic Activity -0.20 0.70 percent Dec 2025
Manufacturing Production -1.90 -1.60 percent Jan 2026
Mining Production 11.90 6.90 percent Jan 2026
Small Business Sentiment 47.90 47.90 points Jan 2026
Steel Production 2700.00 2600.00 Thousand Tonnes Jan 2026
Total Vehicle Sales 125136.00 210714.00 Units Jan 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 Edges Up in February
Brazil’s S&P Global Manufacturing PMI edged up to 47.3 in February 2026 from 47.0 in January, still signaling solid sector deterioration and marking the 10th straight month below 50. Capital goods remained the weakest sub-sector, while intermediate goods saw a marked decline matching January’s pace; consumer goods stabilized. New orders fell sharply, the fastest drop since September, and export orders declined for the 11th straight month. Firms cut production further, with the steepest contraction since June 2023, except at consumer goods makers, which saw renewed output growth. Employment rose marginally as some firms hired amid staffing shortages. Business confidence stayed positive, fueled by advertising, planned investment, new product launches, and the FIFA World Cup.
2026-03-02
Brazil Manufacturing PMI Weakens in January
The S&P Global Brazil Manufacturing PMI fell to 47.0 in January 2026 from 47.6 in the previous month, marking the weakest conditions in four months. Weaker demand led to another fall in new orders, including lower foreign sales. Intermediate and investment goods producers saw sharp contractions, while consumer goods declined only marginally. Capital goods was the only segment to report growth in new export orders. Lower order inflows prompted a sharp cut in output, the second-steepest in over three and a half years. Purchasing activity declined, while factory employment fell for a second month. Input costs rose for the first time in three months, reflecting higher prices for foodstuffs, commodities, electronic components, metals and plastics. Output prices edged up slightly. Stocks of inputs and finished goods fell again. Business confidence improved to its highest level since June 2025, supported by expectations of interest rate cuts, stronger demand and investment plans.
2026-02-02
Brazil Manufacturing PMI Falls in December
The S&P Global Brazil Manufacturing PMI fell to 47.6 in December 2025 from 48.8 in November, marking the sharpest deterioration since September. New business declined at one of the fastest rates in two-and-a-half years, leading to a solid contraction in factory output, the steepest since last September. Weaker demand prompted firms to cut input purchases for a ninth consecutive month, with the drop the largest since April 2023. Input costs fell for a second straight month, while output prices declined for the fourth consecutive month at the fastest pace since July 2023, reflecting discounting, cost savings, and efforts to boost sales. Employment fell after a brief increase in November, with payrolls reduced for the fourth time in seven months. Despite current weakness, manufacturers expect output to rise in 2026, supported by hopes of stronger demand, lower interest rates, technological investment, and productivity gains.
2026-01-02