A sluggish Brazilian economy has received a boost on news of a favorable August manufacturing PMI. Following the conclusion of the World Cup, conditions within the country’s manufacturing sector improved for the first time since March.
The PMI, which gauges operating conditions in the manufacturing sector, rose to 50.2 in August up from 49.1 in July. A reading above 50 signifies expansion in the manufacturing sector. The reading above 50 was the first time the Brazil PMI has showed expansion in four months.
The improvement could be a sign of better times ahead for Brazil, which saw its GDP fall by 0.8 percent in the first two quarters. Investors looking to play a potential rebound in the Brazilian economy have several ETFs to choose from. Three of the more popular ones are highlighted below.
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iShares MSCI Brazil Small-Cap ETF (NYSE: EWZS)
The EWZS provides exposure to 87 small-cap Brazilian companies from a plethora of sectors. The diversification among ...
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