FX.co ★ Brazil’s Manufacturing Slump Deepens as S&P Global PMI Slips Further in August

Brazil’s manufacturing sector deteriorated further in August, with the S&P Global Manufacturing PMI slipping to 46.3 from 47.5 in July 2026, according to data updated on 1 September 2026. The reading remained below the 50.0 threshold that separates expansion from contraction, signaling a continued downturn in industrial activity.

The decline from July’s level suggests mounting pressure on Brazilian manufacturers, with the latest figure pointing to a more pronounced contraction as the third quarter progresses. Investors and policymakers will be watching upcoming data closely for signs of whether the slowdown is stabilizing or at risk of deepening further into the year.