SAO PAULO (ICIS)–Brazil’s private sector posted in October the fastest rate of expansion since mid-2022, analysts at S&P Global said on Tuesday.
S&P’s composite PMI index stood in October at a very healthy 55.6 points, up from September’s 55.2 points. Any reading above 50.0 points shows economic expansion.
S&P compiles the composite PMI index putting together the manufacturing and services indices, according to each’s weight in the economy.
Published by: www.icis.com
Jonathan Lopez
05-Nov-2024
