Brazil Services Expand at Fastest Pace Since 2024

2026-01-06 13:19 By Isabela Couto 1 min. read

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.



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