Political Risk Latin America Blog @PolRiskLatam

February PMI Figures Positive for Brazilian Economy

Posted in News and Articles, Political Risk by politicalrisklatam on March 3, 2011

by Bertrand Delgado and Nathalie Picarelli for Roubini Global Economics, March 2nd, 2011.

The PMI stayed above 50 in February, advancing 2.9% m/m seasonally adjusted (SA) to 54.6, after growing 1.3% m/m SA in January and 5% m/m SA in December. The index is 43% above the low of 38.1 reached in January 2009, but 5.5% below the high of 57.8 in January 2010. Solid domestic demand rather than external demand generated strong growth in new orders, pushing companies to increase output and hire workers. Inventories decreased rapidly, while average input costs increased at a marked pace.

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