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Brazil PMI Manufacturing 49.0 in Sep-23

- The Brazil PMI Manufacturing for September 2023 dropped by 1.1 points to 49.0, indicating a decline in manufacturing activity and reaching its lowest level since July 2023.
- Despite the decline, the current reading is 1.67 points above the one-year average, suggesting that the manufacturing sector is still relatively resilient.

Brazil Unemployment Rate % 7.8% in Aug-23

- The unemployment rate in Brazil decreased slightly to 7.8% in August 2023, compared to the previous month's rate of 7.9%.
- Despite positive economic growth indicators, the unemployment rate in Brazil remains elevated, indicating a lag in labor market recovery.

Brazil unemployment rate 7.8% in Aug-23

- Brazil's unemployment rate in August 2023 reached its lowest level since February 2015 at 7.8%, indicating a positive trend in the labor market and potential economic revival.
- The current unemployment rate is 0.48 percentage points below the one-year average and 2.59 percentage points below the long-run average, highlighting a stronger labor market compared to historical trends.

Brazil PPI inflation 0.92% m-o-m in Aug-23

- Brazil experienced a notable increase in Producer Price Index (PPI) inflation, reaching 0.92% month-on-month in August 2023, the highest growth since July 2022.
- The current PPI inflation rate surpasses both the 1-year average by 1.84 percentage points and the long-run average by 0.30 percentage points, indicating a potential shift in price dynamics in the Brazilian economy.