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.