Brazil’s Composite PMI falls to 49.5 in May.

THE S&P Global reported this Wednesday (3) that the Purchasing Managers' Index (PMI) Composite for Brazil – which includes the service and manufacturing sectors – fell from 52.4 in April to 49.5 in May.

THE Services PMI It also declined during the period, going from 52.3 to 50.4.

Levels above 50 points indicate expansion of economic activity, while levels below 50 points indicate contraction in the sector.

This text was translated by machine from Brazilian Portuguese.