Brazil Services PMI  Forecast


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Services PMI in Brazil is expected to be 51.00 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 51.00 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 Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Services PMI 48.8 51 51.8 51.3 51 52.7
Business Confidence 56 58.5 59 60 61 61
Manufacturing PMI 51.2 51 51.2 51.9 52 52.8
Composite Pmi 49.5 50.9 50.5 50.1 49.16 53.6
Industrial Production 2.6 3.7 2.8 4.1 2.6 2.1
Industrial Production Mom 0.2 0.2 0.5 0.6 0.14 1.1
Manufacturing Production 2.6 1 1.1 2.5 1.53 1.8
Capacity Utilization 77.5 78 78 78 78.75 79
Changes in Inventories -10014 15000 19000 28000 11435 21000
Total Vehicle Sales 166834 168101 166054 164295 162714 176000
Car Production 249932 186000 191000 191000 229423 190000
Car Registrations 203 202 200 198 196 180
Leading Economic Index 0.4 0.4 -0.1 0.1 0.17 0.2
Small Business Sentiment 52.3 49 50.2 50.3 53.54 51
Internet Speed 6819 8549 9002 9593 9947 12169
IP Addresses 26855780 25700196 25338992 24954191 24585854 22074778
Mining Production 2.2 -1.1 2.98 3.15 3.23 1.5
Competitiveness Index 4.14 4.06 4.13 4.13 4.06 4.18
Competitiveness Rank 80 81 79 79 79 77
Ease of Doing Business 125 115 115 115 124 112
Corruption Index 40 40 42 42 37 45
Corruption Rank 79 75 74 74 80 72
Steel Production 2959 2927 2882 2838 2798 2531