The S&P Global Brazil Manufacturing PMI climbed to 50.8 in June 2026 from 49.1 in May, pointing to a renewed, albeit modest, improvement in operating conditions across the manufacturing sector. The upturn was supported by stronger hiring, inventory build-up, and an increase in supplier delivery times.
Nonetheless, both output and new orders remained in contraction territory, underscoring continued weakness in underlying demand. The Suppliers’ Delivery Times Index also pushed the headline figure higher, but the lengthening of delivery times was largely attributed to supply-chain disruptions related to the Middle East conflict rather than to any demand-driven capacity pressures.
Although declines in production and total new orders were less severe than in May, all three major manufacturing categories still reported falls in output, incoming new work, and export sales. At the same time, input costs rose sharply at the close of the second quarter, even as output price inflation slowed to its weakest rate in three months. Business sentiment remained in positive territory but slipped to a 14‑month low.
