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.
New orders declined at the fastest pace in over two years amid adverse demand trends, subdued client confidence, and the detrimental impact of US tariffs on customer orders.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.