Brazil’s Manufacturing PMI falls to 47.5 in July, according to S&P Global.

THE Industrial Purchasing Managers Index (PMI) Brazil's index fell from 50.8 in June to 47.5 in June, as reported this Wednesday (1st) by S&P GlobalThis was the sharpest contraction since February and puts the indicator back below the 50 mark, which separates growth from contraction. "The concern now is that the weakness in industry will spread to other parts of the economy. Factories are major customers of the transportation, logistics, warehousing, maintenance, and business services sectors. If production continues to fall, demand for these services could also weaken, generating a broader impact on economic growth," warned Pollyanna De Lima, associate director of economics at S&P Global.

This text was translated by machine from Brazilian Portuguese.