Brazil’s S&P Global Services PMI fell to 50.4 in May 2026 from 52.3 in April, moving closer to the 50-point threshold and signaling only marginal expansion in the sector. The survey showed that new business was broadly stagnant during the month, with transport, information and communication the only monitored segment to record higher output. The slowdown in demand coincided with elevated price pressures, as output charge inflation remained the second-highest in 15 months despite easing from April. Input costs rose at the fastest pace since February 2025, with consumer services facing the strongest cost pressures. Rising operating expenses and fragile demand also weighed on hiring activity, with employment growth slowing to the weakest pace in the current four-month expansion. Meanwhile, high inflation, intense competition, and challenging business conditions dampened confidence among service providers. source: S&P Global

Services PMI in Brazil decreased to 50.40 points in May from 52.30 points in April of 2026. Services PMI in Brazil averaged 49.66 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 50.40 points in May from 52.30 points in April 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 46.70 47.20 points Jun 2026
Capacity Utilization 78.00 75.90 percent Mar 2026
Car Production MoM 253600.00 238500.00 Units May 2026
New Car Registrations MoM 248300.00 269500.00 Units Apr 2026
Changes in Inventories 73060.00 -113828.00 BRL Million Mar 2026
Composite Leading Indicator 103.82 103.82 points May 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 2.70 4.40 percent Apr 2026
Industrial Production MoM 0.70 0.30 percent Apr 2026
IBC-BR Economic Activity -0.70 0.60 percent Mar 2026
Manufacturing Production 1.20 4.30 percent Apr 2026
Mining Production 10.60 5.00 percent Apr 2026
Small Business Sentiment 44.60 46.10 points Apr 2026
Steel Production 2700.00 2800.00 Thousand Tonnes Apr 2026
Total Vehicle Sales 187313.00 206361.00 Units Apr 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 Falls to Near-Stagnation
Brazil’s S&P Global Services PMI fell to 50.4 in May 2026 from 52.3 in April, moving closer to the 50-point threshold and signaling only marginal expansion in the sector. The survey showed that new business was broadly stagnant during the month, with transport, information and communication the only monitored segment to record higher output. The slowdown in demand coincided with elevated price pressures, as output charge inflation remained the second-highest in 15 months despite easing from April. Input costs rose at the fastest pace since February 2025, with consumer services facing the strongest cost pressures. Rising operating expenses and fragile demand also weighed on hiring activity, with employment growth slowing to the weakest pace in the current four-month expansion. Meanwhile, high inflation, intense competition, and challenging business conditions dampened confidence among service providers.
2026-06-03
Brazil Services PMI Rises in April
Brazil’s S&P Global Services PMI rose to 52.3 in April 2026 from 50.1 in March, signaling a faster, though still moderate, expansion. New orders rebounded at the start of Q2 after a decline in March, with three of the four major segments reporting higher sales, led by consumer services, while real estate and business services lagged. Firms reported stronger demand despite further increases in selling prices, with output charge inflation accelerating to its highest level in over a year. Employment continued to rise for a third straight month, although job creation remained modest. Business confidence improved, with sentiment reaching an 11-month high as firms expect activity to increase over the next 12 months.
2026-05-06
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