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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
BrazilMarkit Manufacturing PMI fell to 48.4 in March 2020
Financial Modeling PrepMonthlyReleased April 2020
Markit Manufacturing PMI fell to 48.4 in March 2020, down 3.9 from February's 52.3 reading. The reading missed the 51.7 consensus by 3.3. The print is running well below the 12-month average of 51.63. Over the past 3 months, Markit Manufacturing PMI averaged 51.17, vs 52.55 in the prior 3-month window. Markit Manufacturing PMI is now the lowest in 35 months.
Latest Release
48.4
Actual
51.7
Consensus
52.3
Previous
The April 2020 reading fell from the previous value of 52.3. Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL) and positively correlated with EUR/USD (Watch).
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Markit Manufacturing PMI - BR
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