India, Aug. 3 -- The Brazilian manufacturing economy deteriorated the most in five months as sales volumes were dampened by competition, demand retrenchment, inflationary pressures, and the war in the Middle East, survey data from S&P Global showed on Monday.
The purchasing managers' index, or PMI, for the manufacturing sector dropped to 47.5 in July from 50.8 in June. Any score below 50 indicates contraction, while a reading above 50 suggests expansion in the sector.
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