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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Markit Composite PMI climbed to 51.1 in September 2017
FMPMonthlyReleased October 2017
Brazil Markit Composite PMI climbed to 51.1 in September 2017, released October 2017, up 1.5 from August's 49.6 reading. The reading matched the 50.2 consensus. Markit Composite PMI has now risen for 4 consecutive months. Over the past 3 months, Markit Composite PMI averaged 49.5, vs 49.77 in the prior 3-month window. Markit Composite PMI is now the highest in 27 months.
Latest Release
51.1
Actual
50.2
Consensus
49.6
Previous
Median Absolute Error
±1.48
across last 12 releases
Last Call
Oct 2017
Predicted: 50.5
Actual: 51.1
Error: -0.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Composite PMI (Brazil) was reported at 53.50 in March 2022. The reading rose from the previous value of 50.90.
WHY IT MATTERS
The trailing three releases averaged 52.13, down from the prior three at 53.37.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.48.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 17) and CFTC BRL speculative net positions (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Composite PMI - BR
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About Markit Composite PMI — Brazil
DEFINITION
Markit Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country or region. It combines data from the manufacturing and services sectors to provide a comprehensive view of business activity and growth. This indicator is closely monitored by investors, policymakers, and businesses as it can provide valuable insights into the current and future state of the economy. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. Markit Composite PMI is a valuable tool for decision-making and risk management in the financial world.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2022): actual 53.5. Prior reading (Jan 2022): 50.9. Before that (Dec 2021): 52.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.