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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Manufacturing PMI fell to 47.5 Points in July 2026
FMPMonthlyReleased August 2026
Brazil S&P Global Manufacturing PMI fell to 47.5 Points in July 2026, released August 2026, down 3.3 Points from June's 50.8 Points reading. The reading matched the 49.7 Points consensus.
Latest Release
47.500000
Actual
49.700000
Consensus
50.800000
Previous
Median Absolute Error
±0.8
across last 12 releases
Last Call
Aug 2026
Predicted: 47.75
Actual: 47.5
Error: +0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.61 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.57 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Moves with | → 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 47.50 Points in July 2026. This missed the market consensus of 49.70 Points by 2.20 Points. The reading fell from the previous value of 50.80 Points. Over the past 12 months, the indicator has averaged 47.87 Points, ranging from 46.50 Points to 49.10 Points across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 48.53 Points, up from the prior three at 47.30 Points. Volatility over the past year (σ 0.83 Points) is lower than the prior year (σ 1.64 Points). In August readings over the past 3 years, S&P Global Manufacturing PMI has averaged 49.90 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.80 Points.
WHAT TO WATCH NEXT
The next release is scheduled for September 1, 2026. Same-country events in the next 14 days include Unemployment Rate (Aug 27) and Gross Domestic Product MoM (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Jul 2026): actual 47.5 Points, consensus 49.7 Points. Prior reading (May 2026): 49.1 Points. Before that (Apr 2026): 52.6 Points.
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 headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.61) — a useful reference for index-focused traders.
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