Brazil Services Sector Expands for Fourth Straight Month

2026-03-04 13:33 By Isabela Couto 1 min. read

The S&P Global Brazil Services PMI rose 1.8 points to 53.1 in February 2026, up from 51.3 in January, marking the second-fastest expansion since November 2024, behind only December, and extending the growth streak to four consecutive months.

Brazilian services firms reported a fourth straight monthly rise in new order volumes midway through Q1.

Excluding December, this was the strongest pace of growth in 11 months.

Companies secured more work despite raising selling prices at the fastest rate in three months.

Input costs rose sharply, though inflation slowed to a two-year low, still above output price increases.

Services employment increased in February, recovering after a decline in January, the first drop in five months.

Looking ahead, service providers expressed optimism for output growth over the next 12 months, citing advertising, legislative changes, new offerings, investment, and the FIFA World Cup as key growth drivers.



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