Brazil’s production sector broadened marginally in September, as exports slumped and expenses grew at a record pace, study information from IHS Markit showed Monday.
The manufacturing purchasing supervisors’ index was up to 50.9 from 51.1 in August. A rating above 50 suggests growth in activity.
Brand-new orders grew the most in 5 months, albeit decently, driven by domestic demand. Export orders fell for the 3rd time in the previous five months and at the fastest speed since January 2017.
There were numerous reports that challenging conditions in emerging markets, particularly in Argentina, had adversely affected export volumes, the study found.
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