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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Manufacturing PMI fell to 49.1 in May 2026
FMPMonthlyReleased June 2026
Brazil S&P Global Manufacturing PMI fell to 49.1 in May 2026, released June 2026, down 3.5 from April's 52.6 reading. The reading missed the 53 consensus by 3.9.
Latest Release
49.100000
Actual
53.000000
Consensus
52.600000
Previous
Median Absolute Error
±1.07
across last 12 releases
Last Call
Jun 2026
Predicted: 53.5
Actual: 49.1
Error: +4.4
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.59 | COMMODITIES | Bullish XAU | → View |
| S&P 500 | ▼ Inverse | −0.38 | INDEX | Bearish S&P 500 | → View |
| EUR/USD | ▲ Direct | +0.32 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Brazil) was reported at 49.10 in May 2026. This missed the market consensus of 53.00 by 3.90. The reading fell from the previous value of 52.60. Over the past 12 months, the indicator has averaged 47.94, ranging from 46.50 to 49.10 across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 48.47, up from the prior three at 47.80. Volatility over the past year (σ 0.83) is lower than the prior year (σ 1.45). In June readings over the past 3 years, S&P Global Manufacturing PMI has averaged 50.20.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.08.
WHAT TO WATCH NEXT
The next release is scheduled for July 1, 2026. 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 June 2026.
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S&P Global Manufacturing PMI - BR
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About S&P Global Manufacturing PMI — Brazil
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
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 (May 2026): actual 49.1, consensus 53. Prior reading (Apr 2026): 52.6. Before that (Mar 2026): 49.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish 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 XAU/USD (Bullish XAU, r=0.59) — a useful reference for commodities-focused traders.