Brazil PMI no longer in contraction territory

|By:, SA News Editor

Brazil's PMI edges up to 49.9 in September from 49.4 previously. New orders and export orders both remained in contraction territory, but at a slower pace of decline, and output rose for the first time in three months.

Input prices however, accelerated sharply amid the decline in the real (BZF), with the index jumping to its highest level in nearly 5 years.

Brazil ETFs: EWZ, BRF, EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU.