The S&P Global Composite PMI for Brazil fell to 49.9 in March 2026 from 51.3 in the prior month, indicating broadly stagnant activity. The dominant services sector barely grew, while manufacturing continued to contract, albeit at a slower pace. New orders declined, following a small uptick in February, amid strained household finances and deteriorating economic conditions. Meanwhile, employment increased slightly. On the price front, inflationary pressures intensified in the wake of the Middle East crisis. Input cost inflation jumped sharply, reaching its highest level since April 2025. Prices for goods and services rose at the fastest pace since February 2025. source: S&P Global

Composite PMI in Brazil decreased to 49.90 points in March from 51.30 points in February of 2026. Composite PMI in Brazil averaged 49.79 points from 2011 until 2026, reaching an all time high of 59.40 points in June of 2022 and a record low of 26.50 points in April of 2020. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Composite PMI in Brazil decreased to 49.90 points in March from 51.30 points in February of 2026. Composite PMI in Brazil is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Composite PMI is projected to trend around 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 45.20 46.60 points Apr 2026
Capacity Utilization 77.30 77.50 percent Feb 2026
Car Production MoM 264000.00 204300.00 Units Mar 2026
New Car Registrations MoM 269500.00 185200.00 Units Mar 2026
Changes in Inventories -113828.00 16607.34 BRL Million Dec 2025
Composite Leading Indicator 103.85 103.51 points Mar 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY -0.70 0.20 percent Feb 2026
Industrial Production MoM 0.90 2.10 percent Feb 2026
IBC-BR Economic Activity 0.60 0.80 percent Feb 2026
Manufacturing Production -2.60 -1.80 percent Feb 2026
Mining Production 10.20 11.80 percent Feb 2026
Small Business Sentiment 47.90 47.90 points Jan 2026
Steel Production 2500.00 2700.00 Thousand Tonnes Feb 2026
Total Vehicle Sales 206375.00 140537.00 Units Mar 2026


Brazil Composite PMI
In Brazil, the Markit Brazil Composite PMI Index tracks business trends across both the manufacturing and service sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Brazil Private Sector Growth Stalls
The S&P Global Composite PMI for Brazil fell to 49.9 in March 2026 from 51.3 in the prior month, indicating broadly stagnant activity. The dominant services sector barely grew, while manufacturing continued to contract, albeit at a slower pace. New orders declined, following a small uptick in February, amid strained household finances and deteriorating economic conditions. Meanwhile, employment increased slightly. On the price front, inflationary pressures intensified in the wake of the Middle East crisis. Input cost inflation jumped sharply, reaching its highest level since April 2025. Prices for goods and services rose at the fastest pace since February 2025.
2026-04-06
Brazil Private Sector Growth Resumes
The S&P Global Composite PMI for Brazil rose to 51.3 in February 2026 from 49.9 in the prior month, pointing to renewed growth in the country's private sector. The services sector (PMI at 53.1 vs 51.3 in January) carried the expansion alone, as factory production contracted sharply during the month. Private sector new business rebounded, supported by firm services demand that outweighed reduced goods sales. Job growth resumed across sectors, led by services. While cost inflation eased to one of the lowest levels in two years, firms raised output prices at the quickest rate since July.
2026-03-04
Brazil Private Sector Loses Momentum in January
The S&P Global Brazil Composite PMI fell to 49.9 in January 2026 from 52.1 in December, signaling broadly stagnant private-sector activity at the start of the year. While services output continued to expand, growth slowed sharply and failed to offset a deeper contraction in manufacturing production. New orders edged lower and employment declined for the first time in three months, with modest job losses across both services and industry. Meanwhile, input costs and output prices rose at the fastest pace in two months.
2026-02-04