The IHS Markit Brazil Manufacturing PMI declined to 48.8 in November of 2021 from 51.7 in October, the lowest since May of 2020. It was the first reading below 50 in 18 months, as companies scaled back on production to accommodate the decline in sales. Manufacturers stated that economic uncertainty and rising interest rates curbed the demand for goods. At the same time, firms had to face rising input prices from global shortages of raw materials, higher transportation costs, and a weaker currency. Consequently, rising input costs continued to be transferred to customers, tracking the higher factory gate charges. Also, despite the rise in manufacturing jobs, the rate of expansion is the lowest in eight months. Looking forward, business optimism rebounded in November, despite concerns about political stability, inflationary pressure, and rising borrowing costs. source: Markit Economics

Manufacturing PMI in Brazil averaged 50.43 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 December of 2021.

Manufacturing 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 Manufacturing PMI is projected to trend around 51.00 points in 2022 and 55.00 points in 2023, according to our econometric models.

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Brazil Manufacturing PMI


Related Last Previous Unit Reference
Services PMI 53.60 54.90 points Nov/21
Manufacturing PMI 49.80 51.70 points Nov/21
Composite PMI 52.00 53.40 points Nov/21

News Stream
Brazil Factory Activity Declines to 18-Month Low
The IHS Markit Brazil Manufacturing PMI declined to 48.8 in November of 2021 from 51.7 in October, the lowest since May of 2020. It was the first reading below 50 in 18 months, as companies scaled back on production to accommodate the decline in sales. Manufacturers stated that economic uncertainty and rising interest rates curbed the demand for goods. At the same time, firms had to face rising input prices from global shortages of raw materials, higher transportation costs, and a weaker currency. Consequently, rising input costs continued to be transferred to customers, tracking the higher factory gate charges. Also, despite the rise in manufacturing jobs, the rate of expansion is the lowest in eight months. Looking forward, business optimism rebounded in November, despite concerns about political stability, inflationary pressure, and rising borrowing costs.
2021-12-01
Brazil Factory Activity Growth at 16-Month Low
The IHS Markit Brazil Manufacturing PMI declined to 51.7 in October of 2021 from 54.4 in August, the slowest pace of expansion in the current seventeen-month growth period. For the first time in six months, production and new orders have contracted amid significant inflationary pressures, input shortages and subdued demand. This month’s overall expansion was mostly explained by firms’ efforts to increase staffing levels in anticipation of higher production levels in the future and a buildup in stock of purchases. Due to shortages of materials, such as chemicals, electronic equipment, and others, supplier delivery times lengthened further in October and average prices of both inputs and outputs rose faster than in any month prior to August 2020. Looking forward, concerns about political and price stability lowered firms’ confidence levels to the lowest in seventeen months.
2021-11-01
Brazil Factory Growth Strengthens in September
The IHS Markit Brazil Manufacturing PMI increased to 54.4 in September of 2021 from 53.6 in August, consistently pointing to strong manufacturing growth as the index was above the neutral mark (50) for the sixteenth straight month. Output, new orders and employment expanded faster and solidly, amid favorable demand conditions. However, firms struggled to secure new work from international clients, which they commonly associated with the inability to ship items in a timely manner. Purchasing activity and inventories also rose substantially, amid efforts to safeguard against shortages and ensure that production schedules could go ahead as planned so that orders are fulfilled. On the price front, inflationary pressures remained strong. Looking forward, companies were optimistic regarding output growth linked to planned investment in capacity, marketing, sales departments, and product diversification.
2021-10-01

Brazil Manufacturing PMI
In Brazil, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.