Seeking Alpha

Brazil PMI no longer in contraction territory

  • 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.
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