Manufacturing PMI adds to signs of a turnaround in Brazil

The pick-up in September’s manufacturing PMI adds to recent evidence suggesting that policy stimulus is starting to take effect in Brazil. We suspect that the turnaround in the real economy will ultimately be more lacklustre than most now expect, but even so it seems likely that the central bank will call an end to monetary easing and keep interest rates on hold this month.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.