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Updating BRIC Manufacturing PMIs - with some delay (sorry, start of the academic year):
These are quarter averages, with July-August for 2020. And we have:
A mad print for Brazil. In the last four months, Brazil Manufacturing PMI went from 38.3 in May to 51.6 in June, 58.2 in July and a totally incredible 64.7 in August. As PMIs are indicators of month-on-month activity changes, and not comparable year-on-year, all we know is that there is a massive boom in the sector from the lows of the COVID-19 pandemic recession. But we do not know