The IHS Markit Brazil Services PMI rose to 51.9 in December of 2018 from 51.3 in the previous month. It marks the third straight expansion in services activity and the strongest since February. Output and new orders grew faster, amid a strengthening domestic demand while international markets faltered. Contrastingly, employment decreased for the second successive month, mainly due to cost-reduction efforts. In terms of prices, input inflation eased to a one-year low and selling prices rose only marginally, and to the weakest extent in seven months. Looking ahead, the level of positive sentiment was the third highest since September 2017, as firms expect that a change in government, coupled with projects in the pipeline, improved consumer confidence and investment intentions would boost business activity in 2019. Services PMI in Brazil is reported by Markit Economics.

Services PMI in Brazil is expected to be 52.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Brazil to stand at 52.80 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Brazil Services PMI
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Brazil Business Last Previous Highest Lowest Unit
Business Confidence 63.80 63.20 68.50 35.00 Index Points [+]
Manufacturing PMI 52.60 52.70 53.50 41.60 [+]
Services PMI 51.90 51.30 57.10 36.90 Index Points [+]
Composite Pmi 52.40 51.60 55.50 38.30 Index [+]
Industrial Production -0.90 0.80 37.20 -27.70 percent [+]
Industrial Production Mom 0.10 -0.10 25.10 -24.40 percent [+]
Manufacturing Production -1.50 0.40 18.90 -17.00 percent [+]
Capacity Utilization 76.80 77.10 84.60 75.90 percent [+]
Changes in Inventories -7097.92 10780.29 31768.86 -47224.27 BRL Million [+]
Total Vehicle Sales 189411.00 192146.00 352722.00 23705.00 [+]
Car Production 177700.00 244771.00 352531.00 2144.00 Units [+]
Car Registrations 235.00 231.00 420.00 2.00 Thousand [+]
Leading Economic Index 0.29 0.02 3.41 -3.36 percent [+]
Small Business Sentiment 63.10 61.90 65.40 34.50 [+]
Internet Speed 6819.06 6391.73 6819.06 698.35 KBps [+]
IP Addresses 26855780.00 26798386.00 35093076.00 5857696.00 IP [+]
Mining Production 3.30 3.90 21.40 -21.40 percent [+]
Competitiveness Index 59.51 59.76 59.76 3.98 Points [+]
Competitiveness Rank 72.00 69.00 75.00 48.00 [+]
Ease of Doing Business 109.00 125.00 129.00 109.00 [+]
Corruption Index 37.00 40.00 43.00 27.00 Points [+]
Corruption Rank 96.00 79.00 96.00 36.00 [+]
Steel Production 2844.00 3135.00 3269.00 918.00 Thousand Tonnes [+]


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 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. Brazil Services PMI - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.90 51.30 57.10 36.90 2011 - 2018 Index Points Monthly




Country Last Previous
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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