The IHS Markit Brazil Manufacturing PMI rose to 51 in January 2020 from 50.2 in the previous month, but missing market expectations of 51.6. The reading pointed to a stronger expansion in factory activity, as output and new orders increased further boosted by higher demand. Also, the job creation rate went up at the fastest pace in four months, mainly due to expected sales growth, investment and the replacement of previously departed workers. Backlogs declined at a marked pace, albeit softer than in December. On the price front, input cost rose at a softer pace while output prices advanced sharply. Finally, confidence regarding growth prospects improved.
Manufacturing PMI in Brazil averaged 49.42 points from 2012 until 2020, reaching an all time high of 53.50 points in November of 2017 and a record low of 41.60 points in May of 2016. 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. source: Markit Economics
Manufacturing PMI in Brazil is expected to be 50.00 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 51.00 in 12 months time. In the long-term, the Brazil Manufacturing PMI is projected to trend around 50.50 points in 2021 and 49.40 points in 2022, according to our econometric models.