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EEB - BRIC Composite PMIs: Global Economy In A Free Fall
Invesco BRIC ETF Invesco Capital Management LLC
With Russia and China data finally in, here are the full updated BRIC PMIs for April (Note: Manufacturing has been covered in more detail here).
Sharp drop in Manufacturing PMIs in April compared to 1Q 2020 were accompanied by even more spectacular declines in Services PMIs:
Across the BRICs, Services PMI fell from 44.9 in 1Q 2020 to 30.6 in April. The two readings represent the lowest and the second lowest readings in quarterly PMIs in history of the series (since 1Q 2006).
Brazil Services PMI sunk from already contractionary 45.9 in 1Q 2020