Brazil's S&P Global Services PMI fell to 50.1 in March from 53.1 in February, indicating broadly no change in output. Companies cited demand retrenchment, lower customer onboarding, squeezed household incomes, and challenging economic conditions. New orders decreased for the first time in five months, albeit marginally. Output price inflation was sharp and the strongest since October, while input costs rose at the fastest pace in four months. Employment increased for the second consecutive month at a moderate pace, with job creation strengthening from February. Services companies remained confident of output growth over the coming 12 months, though positive sentiment fell from February and was below the series trend. source: S&P Global

Services PMI in Brazil decreased to 50.10 points in March from 53.10 points in February of 2026. Services PMI in Brazil averaged 49.64 points from 2011 until 2026, reaching an all time high of 60.80 points in June of 2022 and a record low of 27.40 points in April of 2020. This page provides the latest reported value for - Brazil Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in Brazil decreased to 50.10 points in March from 53.10 points in February of 2026. Services PMI in Brazil is expected to be 51.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Services PMI is projected to trend around 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 46.60 48.20 points Mar 2026
Capacity Utilization 75.00 73.40 percent Jan 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 0.80 -0.20 percent Jan 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 140548.00 125127.00 Units Feb 2026


Brazil Services PMI
The Markit Brazil Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 350 private service sector companies. The Index tracks variables such as sales, employment, inventories and prices. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. 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's Services PMI Slips as Demand Weakens
Brazil's S&P Global Services PMI fell to 50.1 in March from 53.1 in February, indicating broadly no change in output. Companies cited demand retrenchment, lower customer onboarding, squeezed household incomes, and challenging economic conditions. New orders decreased for the first time in five months, albeit marginally. Output price inflation was sharp and the strongest since October, while input costs rose at the fastest pace in four months. Employment increased for the second consecutive month at a moderate pace, with job creation strengthening from February. Services companies remained confident of output growth over the coming 12 months, though positive sentiment fell from February and was below the series trend.
2026-04-06
Brazil Services Sector Expands for Fourth Straight Month
The S&P Global Brazil Services PMI rose 1.8 points to 53.1 in February 2026, up from 51.3 in January, marking the second-fastest expansion since November 2024, behind only December, and extending the growth streak to four consecutive months. Brazilian services firms reported a fourth straight monthly rise in new order volumes midway through Q1. Excluding December, this was the strongest pace of growth in 11 months. Companies secured more work despite raising selling prices at the fastest rate in three months. Input costs rose sharply, though inflation slowed to a two-year low, still above output price increases. Services employment increased in February, recovering after a decline in January, the first drop in five months. Looking ahead, service providers expressed optimism for output growth over the next 12 months, citing advertising, legislative changes, new offerings, investment, and the FIFA World Cup as key growth drivers.
2026-03-04
Brazil Services PMI Eases in January
The S&P Global Brazil Services PMI fell to 51.3 in January 2026 from 53.7 in December, pointing to a slower and only marginal expansion. Growth in business activity eased as new orders rose at the weakest pace in the current three-month growth streak. Reports of limited new work weighed on sentiment, with business confidence dropping to a six-month low and remaining well below its long-run average. As a result, hiring stalled and service providers cut jobs for the first time in five months, though the decline was mild. Inflation in the sector eased to a 20-month low, broadly aligning with historical norms. Prices charged rose at the slowest pace in seven months but remained elevated.
2026-02-04