Manufacturing PMIs for BRIC countries for September generally remained on the downward trend established some 7 months ago.
I have covered Russian Manufacturing PMI earlier here with index reading signalling slower rate of decline in the sector activity in September, rising to 49.1 from 47.9 in August. This is the highest reading in the series since February 2015, but marks 10th consecutive month of sub-50 readings. China Manufacturing PMI was covered in detailhere showing a strong signal of continued deterioration in the economy. Meanwhile, Brazil posted a rise in Manufacturing PMI from horrific 45.8 in August to ugly 47.0 in September. This was the eighth consecutive month of sub-50 readings in Brazil Manufacturing sector, with extremely weak performance setting in back in Q 2014 and continuing basically without interruption since then.
This post was published at True Economics on October 2, 2015.
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