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. source: S&P Global

Services PMI in Brazil decreased to 51.30 points in January from 53.70 points in December of 2025. Services PMI in Brazil averaged 49.62 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 51.30 points in January from 53.70 points in December of 2025. Services PMI in Brazil is expected to be 50.50 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 48.20 48.50 points Feb 2026
Capacity Utilization 72.60 77.90 percent Dec 2025
Car Production MoM 159552.00 184474.00 Units Jan 2026
New Car Registrations MoM 170536.00 279416.00 Units Jan 2026
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 2700.00 2600.00 Thousand Tonnes Jan 2026
Total Vehicle Sales 125136.00 210714.00 Units Jan 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 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
Brazil Services Expand at Fastest Pace Since 2024
The S&P Global Brazil Services PMI climbed to 53.7 in December 2025 from 50.1 in November, signaling the fastest expansion in more than a year. Stronger new order growth was the main driver of higher activity across Brazil’s dominant services sector. Sales increased for a second straight month and at the sharpest pace since November 2024. To meet rising demand, service providers continued to hire, marking the fourth consecutive monthly increase in employment and the strongest since March, albeit still modest overall. Hiring was also supported by optimistic expectations for output growth in 2026. However, business confidence eased from November’s six-month high amid concerns that upcoming elections could disrupt operations. Cost pressures remained elevated, driven by higher energy, food, labor, transportation, and electrical item expenses, though the pace of inflation slowed to its lowest level in just over a year and a half.
2026-01-06
Brazil Services Activity Rebound
The S&P Global Brazil Services PMI rose to 50.1 in November 2025 from 47.7 in October, edging back into expansion and signaling broadly stable activity. Sales increased for the first time in seven months, though growth was modest. New orders also rose despite another sharp increase in output prices, which remained above their long-run average but eased from October. Input costs continued to climb, with inflation hitting a three-month high and staying well above historical norms. Hiring remained constrained by cost-cutting efforts and skill shortages, but employment still rose slightly for a third month. The Future Output Index reached a six-month high, reflecting stronger optimism for 2026, supported by expectations of improving demand, though confidence stayed below its long-term average.
2025-12-03