EEB - BRIC Manufacturing PMI: January-February Trend
In January-February 2019, Global manufacturing PMI sunk to its lowest reading since 2Q 2016, averaging 50.7 over the first two months of the year. With it, the slowdown has also been impacting the BRIC economies. Overall, BRIC Manufacturing PMIs averaged 41.2 in 4Q 2018 based on each country share of the global GDP for 2018, below 51.83 average for Global Manufacturing PMI over the same period. In the first two months of 2019, BRIC Manufacturing PMI was around 50.8, statistically indistinguishable from the 50.7 Global PMI average.
As the chart above clearly indicates, poor BRIC