The S&P Global Brazil Composite PMI fell to 49.6 in July 2023 from 51.5 in June, below market expectations of 51.2 and entering the contraction territory after four months of expansion. The services sector growth slowed to a five-month low (50.2 vs 53.3), while manufacturing activity recorded further falls (47.8 vs 46.6). Aggregate new orders rose at the softest pace in the sequence. On the other hand, input inflation came at its lowest in nearly nine years, supported by a survey-record decline in purchasing prices across the manufacturing industry, and output inflation decelearted the most since June 2009. Finally, business confidence improved to a eight-month high, with stronger optimism across manufacturing. source: Markit Economics

Composite PMI in Brazil averaged 49.44 points from 2011 until 2023, reaching an all time high of 59.40 points in June of 2022 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 August of 2023.

Composite 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 Composite PMI is projected to trend around 53.00 points in 2024 and 55.00 points in 2025, according to our econometric models.

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Brazil Composite PMI



Related Last Previous Unit Reference
Services PMI 50.20 53.30 points Jul 2023
Manufacturing PMI 47.80 46.60 points Jul 2023
Composite PMI 49.60 51.50 points Jul 2023

Brazil Composite PMI
In Brazil, the Markit Brazil Composite PMI Index tracks business trends across both the manufacturing and service sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
49.60 51.50 59.40 26.50 2011 - 2023 points Monthly
SA

News Stream
Brazil Private Sector Activity Contracts First Time in 5 Months
The S&P Global Brazil Composite PMI fell to 49.6 in July 2023 from 51.5 in June, below market expectations of 51.2 and entering the contraction territory after four months of expansion. The services sector growth slowed to a five-month low (50.2 vs 53.3), while manufacturing activity recorded further falls (47.8 vs 46.6). Aggregate new orders rose at the softest pace in the sequence. On the other hand, input inflation came at its weakest in nearly nine years, supported by a survey-record decline in purchasing prices across the manufacturing industry, and output inflation decelerated the most since June 2009. Finally, business confidence improved to an eight-month high, with stronger optimism across manufacturing.
2023-08-03
Brazilian Private Sector Activity Growth Slows
The S&P Global Brazil Composite PMI fell to 51.5 in June of 2023 from 52.3 in the previous month, below market expectations of 52.1 but holding a solid expansion in private-sector activity for the fourth consecutive month. The growth was led by strength in the services sector (53.3 vs 54.1), which offset an eighth consecutive contraction for the manufacturing sector (46.6 vs 47.1), reflecting similar developments throughout the Americas and Europe. Aggregate sales grew at a solid pace, carried by service providers as good producers recorded another month of declines in output and new orders. In the meantime, input cost inflation at the composite level edged down from the prior month, marking the lowest level in three years as a 14-year high deflation for factories outweighed a slight upturn for service providers. Looking ahead, both sectors displayed optimism for incoming business amid hopes of lower interest rates by the central bank.
2023-07-05
Brazil Private Sector Growth Quickens to 7-Month High
The S&P Global Brazil Composite PMI rose to 52.3 in May 2023 from 51.8 in the previous month. It marks the third successive monthly expansion in Brazil's private sector activity, and one that was the fastest since last October. The overall expansion remained uneven and driven by the service sector (PMI at 54.1 vs 54.5 in April) as manufacturing activity continued to contract (PMI at 47.1 vs 44.3). New orders and employment exhibited a similar pattern, with growth mainly driven by services. In terms of prices, the private sector as a whole recorded further marked increases in prices. Finally, business confidence improved to a seven-month high, with stronger optimism across both manufacturing and services.
2023-06-05