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 48.50 48.00 points Jan 2026
Capacity Utilization 77.70 80.90 percent Nov 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 34.00 36.00 Points Dec 2024
Corruption Rank 107.00 104.00 Dec 2024
Industrial Production YoY 0.40 -1.40 percent Dec 2025
Industrial Production MoM -1.20 -0.20 percent Dec 2025
IBC-BR Economic Activity 0.70 -0.10 percent Nov 2025
Manufacturing Production -1.00 -2.50 percent Dec 2025
Mining Production 7.00 4.90 percent Dec 2025
Small Business Sentiment 46.70 46.70 points Oct 2025
Steel Production 2600.00 2800.00 Thousand Tonnes Dec 2025
Total Vehicle Sales 182044.00 192739.00 Units Nov 2025


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