Brazil’s Manufacturing PMI falls to 49.1 in May, according to S&P Global.

THE Industrial Purchasing Managers Index (PMI) Brazil's index fell from 52.6 in April to 49.1 in May, according to data released this Monday (1st) by S&P Global.

The result comes a month after the index surpassed 50 points in April. According to the entity, total sales and new export orders fell in May, which triggered cuts in the country's industrial production.

“The latest results showed the end of stockpiling efforts among manufacturers in Brazil. After a brief increase in April, the volumes of raw material purchases and production decreased in May. Customers were also in contraction mode, as evidenced by another drop in total new orders and a further reduction in international sales,” says S&P Global in a report. 

This text was translated by machine from Brazilian Portuguese.