(Corrects first paragraph to say “April”, not “March”)
BRASILIA, May 3 (Reuters) - Growth in Brazil’s manufacturing sector decelerated in April to its slowest rate since June last year, a survey of purchasing managers’ activity showed on Monday, and prices charged to customers rose towards their recent historic highs.
While a brutal second wave of the COVID-19 pandemic weighed on overall activity, employment rose and companies were more optimistic about future conditions, IHS Markit’s latest purchasing managers index (PMI) report showed.
The headline PMI fell to 52.3 in April from 52.8 in March, the lowest since last June.
A reading above 50.0 marks expansion, while a reading below signifies contraction. The series was launched in 2006.
The headline PMI fell to 52.3 in April from 52.8 in March, the lowest since last June.
A reading above 50.0 marks expansion, while a reading below signifies contraction. The series was launched in 2006.
“Survey participants see a light at the end of the tunnel, with many expecting that greater vaccine availability will help curb the spread of the disease and (lift) restrictions. Business sentiment improved … supporting renewed job creation,” said Polyanna de Lima, economics associate director at IHS Markit.
“Inflation continued to surge, with goods producers lifting their charges at the third-steepest rate in the survey’s more than 15 years of history,” she said, citing a global shortage of raw materials.