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Brazil S&P Global Services Purchasing Managers Index (PMI)

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Brazil S&P Global Services Purchasing Managers Index (PMI)

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Latest Release
Jul 03, 2024
Actual
54.8
Previous
55.3
The Purchasing Managers Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI.
Importance:
Country:
Currency: BRL
Source: S&P Global
Brazil S&P Global Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Aug 05, 2024 (Jul) 09:00     54.8
Jul 03, 2024 (Jun) 09:00 54.8   55.3
Jun 05, 2024 (May) 09:00 55.3   53.7
May 06, 2024 (Apr) 09:00 53.7   54.8
Apr 03, 2024 (Mar) 09:00 54.8   54.6
Mar 05, 2024 (Feb) 09:00 54.6   53.1

News

Brazil services sector deepens drop in August
Brazil services sector deepens drop in August By Reuters - Sep 05, 2016

SAO PAULO (Reuters) - Activity in Brazil's services sector deepened its downturn in August as new business fell for the 18th straight month, a private survey showed on Monday, although slowing job...

Brazil's services drop in April, with record layoffs: PMI
Brazil's services drop in April, with record layoffs: PMI By Reuters - May 04, 2016

BRASILIA, (Reuters) - Activity in Brazil's services sector fell sharply in April and led firms to shed jobs at a record pace, a private survey showed on Wednesday, suggesting the economy took another...

Analysis

Marc Chandler
Markets Look For Direction By Marc Chandler - Oct 05, 2021

The markets remain unsettled. The surge in energy prices, the fears emanating from China's property market, and the unresolved US fiscal drama weigh on sentiment.Japan stocks continued to unwind...

MetalMiner
Brazil In For Worst Recession Since 1930s By MetalMiner - Dec 08, 2015

Brazil’s gross domestic product fell by a record 4.5% year-on-year in the third quarter, confirming expectations that Latin America’s largest economy is in for its worst recession since...

S&P Global Services PMI Discussion

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