Brazil's June PMI falls to 48.5 from 49.3 previously, the lowest read since October. The Q2...

|By:, SA News Editor
Brazil's June PMI falls to 48.5 from 49.3 previously, the lowest read since October. The Q2 average of 49 is below Q1 of 51 and 2011 Q2 of 50.1, notes HSBC. "This also reinforces the perception that the manufacturing sector kept struggling with competitiveness issues," i.e., the real is too strong.