The IHS Markit Brazil Manufacturing PMI eased to 52.8 in March of 2021 from 58.4 in February, pointing to a weaker expansion in the manufacturing sector, amid resurging infections and new restrictions to curb the spread of the pandemic. The worsening health crisis led to contractions in new orders, output and employment for the first time in several months. There were also severe supply chain pressures, as average lead times lengthened to one of the greatest extents seen since data collection started in February 2006, amid the shipping crisis and raw materials shortages. Input cost inflation was one of the steepest in the series, similarly seen in the rise in output charges. Looking ahead, business optimism was at the lowest in ten months, with manufacturers citing concerns over the pandemic. source: Markit Economics
Manufacturing PMI in Brazil averaged 50.20 points from 2012 until 2021, reaching an all time high of 66.70 points in October 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 April of 2021.
Manufacturing PMI in Brazil is expected to be 58.00 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 57.00 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 62.00 points in 2022 and 64.00 points in 2023, according to our econometric models.