Brazil Services PMI  Forecast


Services PMI in Brazil is expected to be 52.00 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 51.30 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 52.70 Index Points in 2020, according to our econometric models.


Brazil Services PMI
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Brazil Business Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Services PMI 49 52 52 51.8 51.3 52.7
Business Confidence 55.7 51.7 52.5 53 53.1 51
Manufacturing PMI 50.9 52.1 52.7 52.4 52.1 52.8
Composite Pmi 49.6 51 50.9 50.5 50.1 53.6
Industrial Production 2.5 1.5 0.1 0.7 1.1 2.1
Industrial Production Mom 0.8 0.3 0.2 0.5 0.6 1.1
Manufacturing Production -0.1 0.6 1 1.1 2.5 1.8
Capacity Utilization 77.4 77.5 78 78 78 79
Changes in Inventories -10014 36000 15000 19000 28000 21000
Total Vehicle Sales 180888 152866 155003 156267 156259 176000
Car Production 260349 184000 186000 191000 191000 190000
Car Registrations 217 205 202 199 196 179
Leading Economic Index 0.41 0.3 0.4 -0.1 0.1 0.2
Small Business Sentiment 50 48.9 49 50.2 50.3 51
Steel Production 2955 2788 2812 2800 2797 2798
Mining Production 4.5 -0.5 -1.1 3.57 3.46 1.5
Competitiveness Index 4.06 4.06 4.06 4.13 4.13 4.18
Competitiveness Rank 81 81 81 79 79 77
Ease of Doing Business 123 116 115 115 115 112
Corruption Index 40 39 40 42 42 45
Corruption Rank 79 76 75 74 74 72