The Brazil economy saw manufacturing output rise in November as the Brazil Manufacturing Purchasing Managers’ Index (PMI) hit 55.5 according to Reliable Plant Magazine.
The key driver to the increase was domestic as opposed to foreign demand as the Brazil economy continues to thrive despite the impact of the great recession.
The positive Brazil economic news puts the Brazil Manufacturing Purchasing Managers’ Index (PMI) at a two year high.
Brazilian manufacturing is as diverse as any other country and very competitive. Over time, given the cost of labor and other efficiencies, Brazilian exports should continue its growth along with the other BRIC countries.
To find Brazilian companies to source products or to learn more about doing business in Brazil, visit B2Brazil at http://www.b2brazil.com.