Brasile PMI Industriale

The S&P Global Brazil Manufacturing PMI eased to 52.9 in October 2024 from 53.2 in September, though still pointing to solid growth across the country's manufacturing sector for the tenth straight month. Output volumes experienced a significant increase, with the growth rate reaching its strongest level since April. New orders rose for the 10th consecutive month, although at a slower pace than in September. A resurgence in international demand helped offset a slight decline in domestic sales, with firms particularly noting improved demand from Africa, Japan, and the Americas. As a result, companies increased inventories at a solid rate in anticipation of future sales growth. The pace of job creation remained solid but eased to the weakest in ten months. On the price front, the data indicated a reduction in cost pressures and a more modest increase in selling prices. Lastly, the overall level of positive sentiment increased from the prior month.