The IHS Markit Brazil Manufacturing PMI fell to 52.3 in April of 2021 from 52.8 in the previous month. The latest reading pointed to another slowdown in factory activity and at the quickest pace since last June amid the worsening pandemic crisis. Both output and new orders continued to decrease although at softer rates. As a result, buying activity was broadly stagnant, after expanding for nine consecutive months. On the other hand, employment recovered modestly, as some firms sought to replace staff laid off because of the pandemic and others foresee better economic conditions in the medium-term. On the price front, both cost burdens and output charges continued to rise sharply, attributed to a lack of raw material availability and real depreciation. Looking forward, business sentiment increased from March and was above its long-run average, with firms expecting capacity expansions, investments, new partnerships, advertising, and greater COVID-19 vaccine availability. source: Markit Economics
Manufacturing PMI in Brazil averaged 50.22 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 May 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.