The beginning of the month PMI reports are all in and it’s always useful to gauge global growth by looking at the BRIC PMI reports. The overall results were a bit mixed:
- Brazil – 51.4
- Russia – 50.7
- India – 56.6
- China – 49.6
The reports showed expansion in 3 of the 4 regions with Brazil posting an 11 month high. The other regions showed more muted economic activity with China still contracting (but improving from the month before) and Russia and India both showing expansion, but deterioration from the month before. All in all, it was a bit of a mixed bag from the BRIC countries….