The IHS Markit Brazil Services PMI rose to 52.7 in March 2019 from 52.2 in the previous month. The latest reading pointed to the strongest expansion in services activity in thirteen months, as new work increased to the steepest pace in almost eleven-and-a-half years amid a strong domestic demand and a greater client base. Meantime, new export orders shrank after rising for only the second time over the past four years. Also, employment returned to contraction territory mainly due to ongoing efforts from firms to trim operating expenses and restructuring initiatives. On the price front, input cost inflation rose mostly driven by higher prices of electricity, fuel, food and other materials and output price inflation advanced at the fastest pace since the start of 2019. Finally, sentiment declined slightly, still remained positive amid forecasts of greater client numbers, online advertising and hopes of public policy reforms underpinned upbeat growth projections. Services PMI in Brazil is reported by Markit Economics.

Services PMI in Brazil is expected to be 51.90 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 50.40 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 51.00 Index Points in 2020, according to our econometric models.

Brazil Services PMI
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Brazil Business Last Previous Highest Lowest Unit
Business Confidence 58.40 61.90 68.50 35.00 Index Points [+]
Manufacturing PMI 52.80 53.40 53.50 41.60 [+]
Services PMI 52.70 52.20 57.10 36.90 Index Points [+]
Composite Pmi 53.10 52.60 55.50 38.30 Index [+]
Industrial Production 2.00 -2.40 37.20 -27.70 percent [+]
Industrial Production Mom 0.70 -0.70 25.10 -24.40 percent [+]
Manufacturing Production 3.80 -2.80 18.90 -17.00 percent [+]
Capacity Utilization 78.00 78.30 84.60 75.90 percent [+]
Changes in Inventories -59237.51 -7097.92 31768.86 -59237.51 BRL Million [+]
Total Vehicle Sales 170483.00 162537.00 352722.00 23705.00 [+]
Car Production 240546.00 257233.00 352531.00 2144.00 Units [+]
Car Registrations 209.00 199.00 420.00 2.00 Thousand [+]
Leading Economic Index -0.73 -0.31 3.16 -3.26 percent [+]
Small Business Sentiment 60.50 63.30 65.40 34.50 [+]
Internet Speed 6819.06 6391.73 6819.06 698.35 KBps [+]
IP Addresses 26855780.00 26798386.00 35093076.00 5857696.00 IP [+]
Mining Production -9.90 0.40 21.40 -21.40 percent [+]
Competitiveness Index 59.51 59.76 59.76 3.98 Points [+]
Competitiveness Rank 72.00 69.00 75.00 48.00 [+]
Ease of Doing Business 109.00 125.00 129.00 109.00 [+]
Corruption Index 35.00 37.00 43.00 27.00 Points [+]
Corruption Rank 105.00 96.00 105.00 36.00 [+]
Steel Production 2662.00 2933.00 3269.00 918.00 Thousand Tonnes [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.70 52.20 57.10 36.90 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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