The S&P Global Brazil Services PMI rose to 54 in October of 2022 from a 16-month low of 51.9 in the previous month. The latest reading pointed to the strongest rate of expansion in the country's services sector since July, following three consecutive months of slowing growth. A marked upturn in new business underpinned faster expansions in business activity and employment. Demand strength, new client wins and greater events were among the reasons cited for the rise in sales. Finance & Insurance was the brightest area of the service economy in October, recording the best trends the four sub-sectors monitored. On the price front, input inflation slowed to a 26-month low, amid lower energy and fuel prices, but selling prices increased much faster. Finally, companies remained optimistic about the outlook amid hopes that investment, advertising and stability after the elections would boost activity. source: Markit Economics

Services PMI in Brazil averaged 49.00 points from 2011 until 2022, 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. Brazil Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Services PMI in Brazil is expected to be 52.00 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 54.00 points in 2023 and 55.00 points in 2024, according to our econometric models.

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Brazil Services PMI



Related Last Previous Unit Reference
Services PMI 54.00 51.90 points Oct 2022
Manufacturing PMI 50.80 51.10 points Oct 2022
Composite PMI 53.40 51.90 points Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
54.00 51.90 60.80 27.40 2011 - 2022 points Monthly

News Stream
Brazil Services Sector Growth Accelerates in October
The S&P Global Brazil Services PMI rose to 54 in October of 2022 from a 16-month low of 51.9 in the previous month. The latest reading pointed to the strongest rate of expansion in the country's services sector since July, following three consecutive months of slowing growth. A marked upturn in new business underpinned faster expansions in business activity and employment. Demand strength, new client wins and greater events were among the reasons cited for the rise in sales. Finance & Insurance was the brightest area of the service economy in October, recording the best trends the four sub-sectors monitored. On the price front, input inflation slowed to a 26-month low, amid lower energy and fuel prices, but selling prices increased much faster. Finally, companies remained optimistic about the outlook amid hopes that investment, advertising and stability after the elections would boost activity.
2022-11-04
Brazil Services PMI at 16-Month Low
The S&P Global Brazil Services PMI eased further to 51.9 in September of 2022 from 53.9 in the previous month. The latest reading pointed to the third consecutive month of slowing growth in services activity and to the greatest extent since May of 2021. New business growth moderated amid waning demand and election uncertainty. Meanwhile, the rate of job creation was solid, but the weakest in eight months. Subsequently outstanding business decreased at a survey-record pace. On the price front, there were softer increases in input costs and output charges, the slowest in 25 and 20 months respectively, amid tax cuts and contained fuel prices. Lastly, business sentiment remained well inside the positive territory in September, being at its third-highest level since July 2019, on hopes of more stable conditions after the presidential elections and prospects of improvement in domestic consumption
2022-10-05
Brazil Services PMI Eases Further in August
The S&P Global Brazil Services PMI eased to 53.9 in August of 2022 from 55.8 in the previous month, the lowest level since February but still marking the 14th consecutive period of growth. Robust demand has once again assisted the service sector, with a rise in output followed by another significant increase in the number of new hires. On the price front, reduced fuel taxes continued to curb inflation, with the respective growth rates in input costs and output charges easing to 22- and six-month lows. Finally, service providers remained confident about the output levels during the next 12 months, hoping that economic recovery and easing political concerns will continue to support higher business activity.
2022-09-05