The latest S&P Global Purchasing Managers' Index (PMI) showed Brazilian manufacturing remained in expansion mode in November, as strong domestic demand encouraged firms to expand production.

Although the manufacturing PMI fell from 52.9 in October to 52.3 in November, it remained above the neutral level of 50, signaling another improvement in the health of the sector. The expansion was the slowest in three months, but still above the long-term average.

In addition, the company continues to source raw materials and recruit additional workers. In terms of pricing, the growth of investment costs and selling expenses is slowing, but inflation remains at historic highs.