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. source: S&P Global

Composite PMI in Brazil decreased to 49.90 points in January from 52.10 points in December of 2025. Composite PMI in Brazil averaged 49.78 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 January from 52.10 points in December of 2025. Composite PMI in Brazil is expected to be 50.20 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 48.20 48.50 points Feb 2026
Capacity Utilization 72.60 77.90 percent Dec 2025
Car Production MoM 184474.00 219100.00 Units Dec 2025
New Car Registrations MoM 279416.00 238600.00 Units Dec 2025
Changes in Inventories 16607.34 51495.73 BRL Million Sep 2025
Composite Leading Indicator 102.12 101.74 points Jan 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 0.40 -1.40 percent Dec 2025
Industrial Production MoM -1.20 -0.20 percent Dec 2025
IBC-BR Economic Activity -0.20 0.70 percent Dec 2025
Manufacturing Production -1.00 -2.50 percent Dec 2025
Mining Production 7.00 4.90 percent Dec 2025
Small Business Sentiment 47.90 47.90 points Jan 2026
Steel Production 2600.00 2800.00 Thousand Tonnes Dec 2025
Total Vehicle Sales 125136.00 210714.00 Units Jan 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 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
Brazil Private Sector Activity Returns to Growth
The S&P Global Composite PMI for Brazil rose to 52.1 in December 2025 from 49.6 in November, signaling the first expansion in private sector output for nine months. The latest reading was consistent with a moderate rate of growth in the country's private sector that was above its long-run average, solely driven by services (PMI at 53.7 vs 50.1 in November). Meanwhile, manufacturing activity (PMI at 47.6 vs 48.8) remained in solid contraction, marking a eighth consecutive month of decline. New orders increased for a second month, led by services. On the price front, input costs and selling prices increased at their slowest rates in 22 and three months, respectively.
2026-01-06
Brazil Private Sector Activity Recovers to 8-Month High
The S&P Global Composite PMI for Brazil rose to 49.6 in November 2025 from 48.2 in October, signaling a marginal contraction that was the softest in the current eight-month sequence of reduction. The latest reading reflected a modest improvement in manufacturing where the PMI rose to 48.8 in November from 48.2 in October, while services returned to growth with the Services PMI at 50.1 in November versus 47.7 in October. New business intakes moved back into expansion and at the composite level total sales rose for the first time in eight months. Private sector employment registered a marginal expansion as manufacturing and services both contributed to job growth. Input cost inflation picked up and reached a recent high, while the rate of increase in selling prices eased, with price pressures remaining more marked in the service economy.
2025-12-03