The IHS Markit Brazil Composite PMI dropped to 54.6 in August of 2021 from 55.2 in the prior month but still pointing to a marked pace of expansion. Growth was constrained by a slower increase in manufacturing activity (PMI at 53.6 vs 56.7 in July), while the services sector posted the strongest growth since February of 2012 (PMI at 55.1 vs 54.4). Both new orders and employment expanded solidly but the rates of increase slowed. Regarding prices, strong inflationary pressures subsisted. Finally, business sentiment hit an eight-month high, with levels of confidence improving in both the manufacturing and service segments. source: Markit Economics
Composite PMI in Brazil averaged 48.75 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 September of 2021.
Composite PMI in Brazil is expected to be 50.20 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 52.30 points in 2022 and 53.00 points in 2023, according to our econometric models.