India, May 2 -- Brazil's factory activity expanded at the fastest pace in more than two-and-a-half years in April amid buoyant demand conditions, survey data from S&P Global showed on Thursday.
The purchasing managers' index, or PMI, for the manufacturing sector rose to 55.9 in April from 53.6 in March. A score above 50 indicates expansion.
The largest increase in new business intakes in nearly three years boosted output levels and employment in April, the survey said.
On the price front, input price inflation accelerated to a 20-month high in April amid higher commodity and transportation costs, shortages of certain inputs, and crop failure. Consequently, selling price inflation reached its highest level in twenty months.
Pressures fro...