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BRIC PMIs for February 2020 are out and showing massive strains of #COVID-19 on Chinese economy and the twin supply and demand shocks impact on the Global economy:
Starting with Manufacturing:
India is the only BRIC economy that provided strong support to the upside for Global Manufacturing PMI, with India 1Q 2020 Manufacturing PMI reading so far at 54.9, the strongest since 2Q 2012. Brazil Manufacturing PMI was at 51.7 - marking a moderately strong expansion - roughly in line with 51.8 and 51.9 for 4Q 2019 and 3Q 2019, respectively. In contrast, Russian Manufacturing