Brazilian Manufacturing Expands at Record Pace in October

Brazilian manufacturing and industry have recovered from the worst of the Covid-19 crisis far quicker than the services sector.

RIO DE JANEIRO, BRAZIL - Brazilian manufacturing expanded at a record pace in October, a survey of purchasing managers' activity showed on Tuesday, as a rise in employment and export orders to new highs helped extend the sector's strong post-coronavirus recovery.

IHS Markit's Brazil manufacturing purchasing managers index (PMI) report was mostly solid, but also showed record high input and output prices due to the persistently weak exchange rate, and a softening of future output expectations.

The headline PMI index rose to 66.7 in October from 64.9 in September, the highest level since the index was . . .

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