RIO DE JANEIRO, BRAZIL - Brazilian manufacturing activity continued to grow in July as output and stocks of finished goods and employment increased. The shortage of inputs decreased in the month.
This is what the Purchasing Managers' Index (PMI) from IHS Markit shows. The indicator rose from 56.4 in June to 56.7 in July, the highest level in five months. Readings above 50 indicate expansion of activity.
According to Markit, companies benefited from the strong increase in new orders and thus raised input purchases and production last month.
Production costs, however, continued to rise "substantially" because of the depreciation . . .