Market conditions in key Latin American countries remain uncertain. While manufacturing demand is increasing in Brazil and Mexico, continuous supply chain constraints and weakening economic outlooks could impact industrial output and production costs.

The Leeco Trading team is ready to help manufacturers in Latin America source the raw materials they need, when they need them and navigate market challenges. Contact us for a quote today.

Market Metrics to Watch

Manufacturing PMI

0
Brazil
0
Mexico

Manufacturing PMI increased month-over-month in both Brazil and Mexico during September. Brazil’s manufacturing output expanded at a moderate pace, and demand conditions remained favorable. Mexico’s manufacturing sector marked 19 straight months of contraction.

Capacity Utilization

0
Brazil
0
Mexico

Capacity utilization remained unchanged month-over-month in Brazil during August. Capacity utilization in Mexico, however, decreased month-over-month during August.

Imports

Below is a chart showing September 2021 import levels for Mexico, Brazil and Chile. Imports to Brazil increased month-over-month, while imports to Mexico and Chile decreased.

Mixed Car Production

0k
Brazil
0k
Mexico

Car production levels varied across key Latin American countries during September. Car production in Brazil rose 5.6% month-over-month, reaching the highest production level in four months. However, car production in Mexico fell 13.9% month-over-month, reaching its lowest level since May of 2020.

Rising Inflation Rates

0%
Brazil
0%
Mexico

The annual inflation rate increased in both Brazil and Mexico month-over-month during September. Brazil’s inflation rate reached its highest level in five years due to global supply issues and weakening currency. Mexico’s inflation rate moved further away from the central bank’s