RIO DE JANEIRO, BRAZIL - The pace of expansion in Brazil’s manufacturing sector decelerated in January for a third month in a row to its slowest since last June, a survey of purchasing managers’ activity showed on Monday, February 1st.
Against a backdrop of a second wave of the COVID-19 pandemic and sticky price pressures, the pace of hiring and growth in new orders cooled markedly, setting the tone for overall activity.
IHS Markit’s headline purchasing managers index (PMI) fell to 56.5 from 61.5 in December. That marked the eighth month of growth, but the slowest . . .