Brazil – Manufacturing sector reaches lowest level in six months (RTT News)

By memberservices@staffingindustry.com (Danny Romero)

Brazil’s manufacturing sector declined in December, hitting a 6-month low, reports RTT News. The Purchasing Managers’ Index compiled by research firm Markit fell to a seasonally adjusted 45.2 in December, from 46.2 in November. A reading below 50 indicates contraction in the sector. The downward movement in the PMI reflected quicker falls in new business inflows and production. Further, falling workloads translated into further reductions in manufacturing employment, while cost inflation hit a four-month high, leading to a stronger increase in factory gate charges.

Source:: Staffing Industry Analysts Daily Newsfeed