The Brazilian manufacturing economy deteriorated at a faster pace in August amid a sharp fall in new orders, survey data from S&P Global showed on Monday.
The purchasing managers' index, or PMI, for the manufacturing sector dropped to 47.7 in August from 48.2 in July. Any score below 50 indicates contraction. Moreover, this was the sharpest downturn since mid-2023.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.