The S&P Global Composite PMI for Brazil fell to 49.5 in May 2026 from 52.4 in April, indicating a renewed contraction after a solid expansion in the previous month. The downturn was driven by a sharp decline in manufacturing, while services activity growth slowed markedly to near stagnation. A moderate drop in total new orders constrained job creation, with employment growth easing to its weakest pace over the current four-month expansion period. Meanwhile, cost pressures were among the highest in four years, largely concentrated in manufacturing. Likewise, charge inflation stood at its second-highest level since July 2022. source: S&P Global

Composite PMI in Brazil decreased to 49.50 points in May from 52.40 points in April of 2026. Composite PMI in Brazil averaged 49.81 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 49.50 points in May from 52.40 points in April 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 47.20 45.20 points May 2026
Capacity Utilization 78.00 75.90 percent Mar 2026
Car Production MoM 238500.00 263600.00 Units Apr 2026
New Car Registrations MoM 248300.00 269500.00 Units Apr 2026
Changes in Inventories -113828.00 16607.34 BRL Million Dec 2025
Composite Leading Indicator 104.02 103.64 points Apr 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 2.70 4.40 percent Apr 2026
Industrial Production MoM 0.70 0.30 percent Apr 2026
IBC-BR Economic Activity -0.70 0.60 percent Mar 2026
Manufacturing Production 4.20 -2.60 percent Mar 2026
Mining Production 4.70 10.10 percent Mar 2026
Small Business Sentiment 44.60 46.10 points Apr 2026
Steel Production 2700.00 2800.00 Thousand Tonnes Apr 2026
Total Vehicle Sales 187313.00 206361.00 Units Apr 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 Sectors Returns to Contraction
The S&P Global Composite PMI for Brazil fell to 49.5 in May 2026 from 52.4 in April, indicating a renewed contraction after a solid expansion in the previous month. The downturn was driven by a sharp decline in manufacturing, while services activity growth slowed markedly to near stagnation. A moderate drop in total new orders constrained job creation, with employment growth easing to its weakest pace over the current four-month expansion period. Meanwhile, cost pressures were among the highest in four years, largely concentrated in manufacturing. Likewise, charge inflation stood at its second-highest level since July 2022.
2026-06-03
Brazil Private Sector Growth Hits Over 1-Year High
The S&P Global Composite PMI for Brazil climbed to 52.4 in April 2026 from 49.9 in the prior month, indicating a renewed expansion in the country's private sector. Although modest, the expansion was the strongest since March 2025, as both the manufacturing and services sectors expanded. Private sector sales rebounded in April, led by services. Employment increased for the third month, with the rate of job growth reaching the highest since March 20255. However, cost pressures strengthened. Input prices rose at the sharpest rate since mid-2022 and output prices accelerated to a near four-year high.
2026-05-06
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