Based on Markit's Composite PMIs, here are the BRIC economies' composite economic activity indicators for 3Q 2020 to-date (July-August).
Please note: Manufacturing PMIs for BRIC economies were covered here and Services PMIs were covered here.
- Brazil Composite PMI for 3Q 2020 currently sits at 50.6, barely above the zero-growth line of 50.0 in statistical terms. This represents a major improvement in growth momentum compared to an outright depressionary reading of 31.8 in 2Q 2020 and a swing of 18.8 points - a respectable reversal of momentum, although not a signal of an appreciable recovery