EL7.AI
Macro EconomyMedium•3 November 2026•
1 min read

Brazil Manufacturing PMI Rises to 46.1 in October Amid Continued Contraction

Key Facts

1Brazil's manufacturing PMI rose to 46.1 in October from 44.8 in September.
2Production fell for the sixth consecutive month and new orders declined for the nineteenth straight month.

Brazil's manufacturing PMI rose to 46.1 in October from 44.8 in September, according to TradingView. Reuters reported that production fell for the sixth consecutive month, while new orders declined for the nineteenth straight month.

This performance occurs amid broader economic pressures, with Brazil's unemployment rate holding at 5.2% as of October 30, 2026. Despite the marginal uptick in the index, the manufacturing sector continues to face structural challenges as demand and output remain in a contraction phase that is among the sharpest in over three years.

The Central Bank of Brazil is scheduled to announce its interest rate decision on November 4, 2026, with forecasts suggesting rates may be held at 13.75%. Markets are also awaiting the release of monthly industrial production data on November 5, 2026, to further assess the sector's health.