*The Global Market Intelligence division of international credit ratings agency Standard & Poor's (S&P) has released new figures from its Purchasing Managers’ Index (PMI), which showed a monthly increase in its score for Brazil’s industrial sector in February. The score rose from 50.7 in January to 53.0 in February. In a press release, S&P attributed its improved score for Brazilian industry to an “acceleration in the growth of new orders”, highlighting that in February Brazilian manufacturers registered the highest monthly increase in sales since April 2024. Brazilian companies surveyed by S&P have expressed optimism that production will rise in the next 12 months amid high domestic demand, the opening of new factories, and hiring of more workers. However, the press release also mentioned that the volatility of the Brazilian real has made it more expensive for Brazilian manufacturers to buy materials and supplies, which contributed to higher sales prices for manufactured goods in February.
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LatinNews Daily - 4 March 2025
In brief: S&P highlights recovery for Brazil’s industrial sector
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