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As global manufacturing sector activity barely stayed above the recession line in 4Q 2019, BRICs manufacturing PMIs indicated a cautious upswing in activity, with the exception for Russia and India. Here are the core details:
Brazil's 4Q 2019 Manufacturing PMIs averaged 51.8, statistically unchanged on 3Q 2019 figure of 51.9. Both 3Q and 4Q readings were statistically above 50.0, indicating modest growth, and above the historical average of 50.3. Nonetheless, the 4Q 2019 reading was the second lowest in six consecutive quarters.
Russia posted its second consecutive quarter of recessionary growth readings for the manufacturing