Brasil PMI Composto

The S&P Global Composite PMI for Brazil held steady at 55.1 in March 2024, marking the fastest expansion in private sector activity in 20 months. Services activity accelerated to a PMI of 54.8, the highest in over 1-1/2 years, while manufacturing eased slightly but still showed strong expansion at 53.6. New orders rose faster in manufacturing but softened in services. Sales expanded at the same pace as February, the quickest since July 2022, while private sector employment saw its strongest growth since October 2022, driven by faster services growth. Meanwhile, cost pressures surged to their highest level since October, with sharper increases in service costs. However, prices charged for Brazilian goods and services rose at the slowest rate in four months due to softer increases in both manufacturing and services.