RIO DE JANEIRO, BRAZIL - Brazil's Purchasing Managers' Index (PMI) for industry rose to 54.2 points in May, up from 51.8 points in April, S&P Global reported Wednesday. The highest result in eight months - keeps the indicator above the neutral 50-point mark, which signals an expansion in the sector.
The PMI is one of the most reliable leading indicators for assessing the state of the economy.
According to Pollyanna de Lima, associate director of economics at S&P Global, the growth observed in May was due to an acceleration in the new orders, production . . .
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