The IHS Markit Brazil Composite PMI remained steady from the prior month at 52 in December of 2021, the seventh straight month of expansion in the country’s private sector, albeit the slowest. Growth was supported by the services sector (PMI unchanged from November at 53.6), offsetting the contraction in manufacturing (PMI unchanged at 49.8). Aggregate new orders quickened in Brazil’s private sector, marked by a sharp upturn in work intakes for the services sector while factory orders fell for the third month in a row. At the same time, job creation expanded at a softened pace for both sector levels, with services leading the growth. On the price front, input prices were more pronounced among manufacturers due to higher energy costs and a weaker currency. Lastly, forecasts for both sectors point to increased output in 2022 should the pandemic continue to decrease and vaccine outreach continue to improve in Brazil. source: Markit Economics
Composite PMI in Brazil averaged 48.89 points from 2011 until 2021, reaching an all time high of 55.90 points in October of 2020 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 January of 2022.
Composite PMI in Brazil is expected to be 52.00 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 51.30 points in 2023, according to our econometric models.