The IHS Markit Brazil Composite PMI decreased to 44.5 in April of 2021 from 45.1 in the previous month. The latest reading pointed to the fourth straight contraction in private sector activity and at the quickest pace since last June amid tight COVID-19 restrictions. The further weakness in the services sector (PMI at 42.9 vs 44.1 in March) more than offset modest growth in manufacturing (PMI at 52.3 vs 52.8). Both new orders and employment declined further. Meanwhile, input costs and output charges continued to increase sharply and to multi-year highs. Looking forward, business sentiment was the weakest since June 2020. source: Markit Economics
Composite PMI in Brazil averaged 48.59 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 May of 2021.
Composite PMI in Brazil is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Brazil to stand at 50.80 in 12 months time. 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.