The IHS Markit Brazil Services PM fell to 51.4 in August 2019 from 52.2 in the previous month. New orders rose for the second consecutive month amid stronger domestic demand and expanded client bases while new export orders dropped for the sixth straight month. The job creation rate rose slightly, as employment increase for the second time in ten months. Meantime, backlogs of work declined for the forty-ninth month in a row, the rate of depletion remained sharp despite easing. On the price front, input cost inflation advanced boosted by higher prices of basic items, car parts, food and fuel. And output cost inflation accelerated to the strongest in five months. Finally, optimism weakened from July's near six-year high, as sentiment was dampened by worries regarding privatization, airport concession and troubles in international markets. Services PMI in Brazil is reported by Markit Economics.

Services PMI in Brazil is expected to be 51.90 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 50.90 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 51.00 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 59.40 59.40 68.50 35.00 Index Points [+]
Manufacturing PMI 52.50 49.90 53.50 41.60 [+]
Services PMI 51.40 52.20 57.10 36.90 Index Points [+]
Composite Pmi 51.90 51.60 55.50 38.30 Index [+]
Industrial Production -2.50 -5.90 37.20 -27.70 percent [+]
Industrial Production Mom -0.30 -0.70 25.10 -24.40 percent [+]
Manufacturing Production -1.70 -4.70 18.90 -17.00 percent [+]
Capacity Utilization 77.70 77.20 84.60 75.90 percent [+]
Changes in Inventories -775.64 4517.46 31768.86 -59237.51 BRL Million [+]
Total Vehicle Sales 195927.00 195854.00 352722.00 23705.00 [+]
Car Production 269809.00 266992.00 352531.00 2144.00 Units [+]
Car Registrations 243.00 244.00 420.00 2.00 Thousand [+]
Leading Economic Index -0.16 0.34 3.18 -3.40 percent [+]
Small Business Sentiment 58.80 55.40 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 -8.80 -14.60 21.40 -22.80 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 35.00 37.00 43.00 27.00 Points [+]
Corruption Rank 105.00 96.00 105.00 36.00 [+]
Steel Production 2449.00 2823.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 52.20 57.10 36.90 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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