RIO DE JANEIRO, BRAZIL - Brazil's Consolidated Manufacturing PMI rose from 54.6 in June to 55.2 in July, the strongest expansion rate in nine months, with faster rates of increase in the manufacturing and services sectors, IHS Markit reported.
According to the consultancy, the easing of some local restrictions against Covid-19 stimulated demand for Brazilian products and services in July, strengthening output growth.
New orders received by private sector companies also rose at the fastest pace since October last year. The fastest rise was seen in manufacturing, although growth also accelerated in the services economy.
At 54 . . .