Brazil Manufacturing PMI Update

The Brazil Markit Manufacturing PMI climbed to 50.8 in June, entering expansion territory. While production and demand metrics improved, they remain in contractionary territory, and input price pressures are moderating.

Key Takeaways

• 1.The Brazil Markit Manufacturing PMI rose to 50.8 in June, signaling a return to expansionary territory.
• 2.Cost pressures for manufacturers remain intense but have shown visible signs of easing at the margin.
• 3.Employment expanded at a faster pace in June, though domestic and external demand and production continue to contract.

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