The Brazilian manufacturing sector saw a significant uptick in growth in September, rebounding from a slight slowdown in the prior month, according to data from S&P Global released on Tuesday.
The Purchasing Managers' Index (PMI) for the manufacturing industry climbed to 53.2 in September, up from 50.4 in August. An index reading above 50 signifies expansion.
September’s robust growth was propelled by a resurgence in production, enhanced job creation, and a boost in sales growth. New export orders experienced a modest rise, spurred by notable gains from regions including Africa, Asia, Latin America, and Europe.
Manufacturing employment grew at a faster pace, driven by technological investment, resilient demand, and a heightened requirement for skilled labor.
The survey indicated that as companies ramped up their input purchases, suppliers faced increased pressure, leading to the longest lead times in over two years.
Regarding prices, input price inflation remained steep in September, attributed to demand outstripping supply, currency depreciation, and escalating transportation costs. Consequently, selling prices also saw their fastest increase since mid-2022.
