FX.co ★ Brazil's S&P Global Composite PMI Slips to 54.8 in April 2024

In the latest economic update from Brazil, the S&P Global Composite Purchasing Managers' Index (PMI) for April 2024 has come in at 54.8, slightly lower than the previous reading of 55.1 in March 2024. This index is a key indicator of the country's economic health, with a reading above 50 indicating expansion in the manufacturing and services sectors. The slight dip in the PMI suggests a slight slowdown in the pace of growth in these sectors in Brazil. The data was updated on 6th May 2024, highlighting the recent developments in the country's economic landscape.