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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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Delivery Method

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Status

 
Latest Release
Apr 03, 2024
Actual
54.8
Previous
54.6
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
May 06, 2024 (Apr) 14:00     54.8
Apr 03, 2024 (Mar) 14:00 54.8   54.6
Mar 05, 2024 (Feb) 14:00 54.6   53.1
Feb 05, 2024 (Jan) 14:00 53.1   50.5
Jan 04, 2024 (Dec) 14:00 50.5   51.2
Dec 05, 2023 (Nov) 14:00 51.2   51.0

Analysis

S&P Global Services PMI Discussion

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