The IHS Markit Brazil Services PMI rose to 42.5 in July 2020 from 35.9 in the previous month, still pointing to the fifth consecutive contraction amid the coronavirus crisis. New orders dropped for the for the fifth month in a row, albeit at the softest pace in that sequence while export sales declined for the seventh successive month and a faster rate. Additionally, the job shedding rate slowed. On the price front, input cost inflation rose driven by higher fuel and personal protective equipment costs and the general inflationary impact of unfavourable exchange rates while output charges went down for the fourth consecutive month. Lastly, sentiment improved to a five-month high as firms signalled that they expect new business volumes to increase markedly in line with a resumption of market activity, but only once the COVID-19 pandemic is brought under control.

Services PMI in Brazil averaged 48.02 points from 2011 until 2020, reaching an all time high of 57.10 points in February of 2012 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 August of 2020. source: Markit Economics

Services PMI in Brazil is expected to be 32.00 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 45.00 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 50.80 points in 2021 and 49.80 points in 2022, according to our econometric models.

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Brazil Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
42.50 35.90 57.10 27.40 2011 - 2020 points Monthly


News Stream
Brazil Services Sector Shrinks for 5th Month
The IHS Markit Brazil Services PMI rose to 42.5 in July 2020 from 35.9 in the previous month, still pointing to the fifth consecutive contraction amid the coronavirus crisis. New orders dropped for the for the fifth month in a row, albeit at the softest pace in that sequence while export sales declined for the seventh successive month and a faster rate. Additionally, the job shedding rate slowed. On the price front, input cost inflation rose driven by higher fuel and personal protective equipment costs and the general inflationary impact of unfavourable exchange rates while output charges went down for the fourth consecutive month. Lastly, sentiment improved to a five-month high as firms signalled that they expect new business volumes to increase markedly in line with a resumption of market activity, but only once the COVID-19 pandemic is brought under control.
2020-08-05
Brazil Services Activity Shrinks for 4th Month
The IHS Markit Brazil Services PMI increased to 35.9 in June 2020 from 27.6 in the previous month. Still, the latest reading pointed to the fourth consecutive contraction in the services sector, amid the coronavirus crisis. work New orders dropped at a softer pace and export sales continued to decline at a sharp rate amid weak demand. In addition, the job shedding rate accelerated to a fresh record high. On the price front, input price inflation slowed to a 13-year low while output charges drop at the steepest pace on record. Lastly, sentiment remained historically low amid worries over a delay to the recovery given ongoing challenges in controlling the pandemic.
2020-07-03
Brazil Services PMI Second-Lowest on Record
The IHS Markit Brazil Services PMI rose to 27.6 in May 2020 from 27.4 in the previous month. Still, the latest reading pointed to the second sharpest contraction in the services sector since series began, as the coronavirus pandemic continued to hit the economy. Output and export sales shrank at a softer rate and new export orders dropped for the third consecutive month and at a fresh record pace amid lower demand. The job shedding rate accelerated to the second-highest on record, partially driven by cost considerations. On the price front, input cost inflation slowed to an over five-and-a-half-year low due to lower fuel prices while output charges fell for the second straight month and at the steepest pace in four years. Lastly, service providers remained pessimistic about activity over the next 12 months amid concerns over the long-term impact on activity of the covid-19 pandemic and business performance.
2020-06-03
Brazil Services Sector Activity Shrinks at Record Pace
The IHS Markit Brazil Services PMI plunged to 27.4 in April 2020 from 34.5 in the previous month. The reading pointed to the steepest contraction in the services sector since series began, amid lockdowns and business closures due to the coronavirus outbreak. New orders dropped at the fastest pace on record driven by both domestic and foreign demand. The job shedding rate accelerated to its highest level since May 2016. On the price front, input cost inflation slowed to a five-and-a-half year low and output charges fell sharply, the subsequent drop was the first recorded by the survey since February last year. Finally, sentiment deteriorated at the quickest pace on record amid concerns over the short-term and potential longer lasting economic damage from the covid-19.
2020-05-06

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.