The S&P Global Brazil Manufacturing PMI fell to 44.8 in September 2026 from 46.3 in August, marking the sharpest deterioration in operating conditions since April 2023. The quarterly average fell to 46.2, its lowest since Q2 2023. Factory output contracted for a fifth straight month, with the downturn the strongest since the COVID-19 outbreak in early 2020. New business declined at the fastest pace in nearly four years, while export demand fell for a fifth month. Lower workloads allowed firms to clear backlogs at one of the fastest rates in the survey’s history. Employment fell for a third month, although job shedding eased from August. Buying activity declined for a fifth month at the fastest rate since April 2023, while pre-production inventories posted their sharpest drop since October 2025. Cost pressures resurged, but weak demand and competition limited pricing power, pushing output charge inflation to a seven-month low. Firms remained optimistic about the year-ahead outlook. source: S&P Global

Manufacturing PMI in Brazil increased to 48 points in September from 46.30 points in August of 2026. Manufacturing PMI in Brazil averaged 50.23 points from 2012 until 2026, reaching an all time high of 66.70 points in October of 2020 and a record low of 36.00 points in April of 2020. This page provides the latest reported value for - Brazil Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Brazil increased to 48 points in September from 46.30 points in August of 2026. Manufacturing PMI in Brazil is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Manufacturing PMI is projected to trend around 54.00 points in 2027 and 53.40 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 44.90 46.30 points Sep 2026
Capacity Utilization 77.40 77.30 percent Jul 2026
Car Production MoM 271200.00 253860.00 Units Aug 2026
New Car Registrations MoM 275100.00 279544.00 Units Aug 2026
Changes in Inventories 51550.00 73060.00 BRL Million Jun 2026
Composite Leading Indicator 102.63 102.94 points Aug 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY -1.20 -0.50 percent Aug 2026
Industrial Production MoM -0.60 0.10 percent Aug 2026
IBC-BR Economic Activity -0.20 -0.60 percent Jul 2026
Manufacturing Production -1.80 -1.00 percent Aug 2026
Mining Production 2.40 2.50 percent Aug 2026
Small Business Sentiment 46.20 46.30 points Jul 2026
Steel Production 2700.00 2800.00 Thousand Tonnes Aug 2026
Total Vehicle Sales 212691.00 212879.00 Units Jul 2026


Brazil Manufacturing PMI
In Brazil, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Brazil Manufacturing Contracts Sharply
The S&P Global Brazil Manufacturing PMI fell to 44.8 in September 2026 from 46.3 in August, marking the sharpest deterioration in manufacturing operating conditions since April 2023. The quarterly average fell to 46.2, its lowest since Q2 2023. Factory output contracted for a fifth month, with the downturn the strongest since the COVID-19 outbreak in early 2020. New business declined at the fastest pace in nearly four years, while export demand fell for a fifth month. Lower workloads allowed firms to clear backlogs at one of the fastest rates in the survey’s history. Employment fell for a third month, although job shedding eased from August. Buying activity declined for a fifth month at the fastest rate since April 2023, while pre-production inventories posted their sharpest drop since October 2025. Cost pressures resurged, but weak demand and competition limited pricing power, pushing output charge inflation to a seven-month low. Firms remained optimistic about the year-ahead outlook.
2026-10-01
Brazil Manufacturing PMI Weakens
The S&P Global Brazil Manufacturing PMI fell to 46.3 in August 2026 from 47.5 in July, signaling a second consecutive monthly deterioration in sector conditions and the steepest contraction in 40 months. Output declined for the fourth consecutive month and at the fastest pace in more than three years. New business fell for the seventeenth straight month, with the contraction accelerating from July. New export orders declined for the fourth consecutive month and at the fastest pace in more than three-and-a-half years. Weaker demand weighed on staffing and capacity, with employment falling for a second month and at the fastest pace since October 2025. Backlogs also declined further. Inventory and purchasing data pointed to cautious operating conditions, while price pressures eased for a fourth consecutive month. Despite the weak activity data, manufacturers remained optimistic about the year-ahead outlook.
2026-09-01
Brazil Manufacturing PMI Hits Five-Month Low
The S&P Global Brazil Manufacturing PMI fell to 47.5 in July 2026 from 50.8 in June, signaling a renewed deterioration in the sector and the sharpest contraction since February. New orders posted their steepest decline in more than three years, while export orders also fell markedly amid weaker external demand. With both domestic and foreign sales declining, manufacturers cut production for a third straight month at the fastest pace since February. Employment fell, ending a five-month hiring streak, while backlogs continued to shrink. Input costs increased, with firms citing the Middle East conflict as a key driver, pushing output price inflation to historically elevated levels. Lower sales, ample inventories, and geopolitical uncertainty also led to the fastest decline in purchasing activity since February. Despite the downturn, business confidence improved to above its long-run average.
2026-08-03