The IHS Markit Brazil Services PMI rose to 52.7 in January 2020 from 51 in the previous month. The latest reading pointed to the sharpest expansion in the services sector since March last year, as new orders increased to a ten-month high and the job creation rate accelerated mainly due to greater activity, internal restructuring, favourable demand environment and upbeat growth predictions. On the other hand, export orders dropped following renewed growth in December and volumes of outstanding work continued to fall. On the price front, input cost inflation advanced sharply boosted by employment costs and energy, food, fuel and water prices; while output cost inflation slowed to a six-month low. Finally, firms remained optimistic regarding business activity growth over the coming 12 months, amid investment, client numbers, favourable economic scenario and public policy reforms.

Services PMI in Brazil averaged 48.73 points from 2011 until 2020, reaching an all time high of 57.10 points in February of 2012 and a record low of 36.90 points in February of 2016. 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. source: Markit Economics

Services PMI in Brazil is expected to be 52.10 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 50.90 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 51.00 points in 2021 and 49.20 points in 2022, according to our econometric models.


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Brazil Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.70 51.00 57.10 36.90 2011 - 2020 points Monthly


News Stream
Brazil Services Activity Growth at 10-Month High
The IHS Markit Brazil Services PMI rose to 52.7 in January 2020 from 51 in the previous month. The latest reading pointed to the sharpest expansion in the services sector since March last year, as new orders increased to a ten-month high and the job creation rate accelerated mainly due to greater activity, internal restructuring, favourable demand environment and upbeat growth predictions. On the other hand, export orders dropped following renewed growth in December and volumes of outstanding work continued to fall. On the price front, input cost inflation advanced sharply boosted by employment costs and energy, food, fuel and water prices; while output cost inflation slowed to a six-month low. Finally, firms remained optimistic regarding business activity growth over the coming 12 months, amid investment, client numbers, favourable economic scenario and public policy reforms.
2020-02-05
Brazil Services Growth Edges Up: PMI
The IHS Markit Brazil Services PMI edged up to 51 in December of 2019 from 50.9 in the previous month. International markets contributed to the overall rise in demand, with export sales up for only the third time in 2019. Also, employment rose marginally; input cost inflation was the strongest in over one year amid higher prices for food, petrol and utilities; and output charges also increased. Finally, business confidence was the highest in five months, supported by the offering of new services and supportive public policies. Output growth is seen in 2020 and some firms also predict better economic conditions, including an improved trend for employment
2020-01-06
Brazil Services Activity Growth at 5-Month Low
The IHS Markit Brazil Services Business Activity Index dropped to 50.9 in November 2019 from 51.2 in the previous month. The reading pointed to the weakest expansion in the services sector since June, as new orders rose at the softest pace in the current five-month sequence of growth mainly due to a fall in export sales. Also, the job creation rate eased to a four-month low and outstanding business declined further. On the price front, input cost inflation slowed to a three-month low and was below its long-run average and output price inflation rose at the softest pace in four months. Looking ahead, sentiment strengthened to a three-month high boosted by optimism regarding favourable public policies, expanded client bases and better economic conditions.
2019-12-04
Brazil Services Activity Growth Slows in October
The IHS Markit Brazil Services Business Activity Index fell to 51.2 in October 2019 from 51.8 in the previous month, signalling slower output growth. New orders increased the most since March, with new export business rising for only the second time in the year-to-date. Employment rose for the third successive month and at the steepest pace in over four-and-a-half years. Meanwhile, backlogs were down for the fifty-first month in a row in October. On the price front, input cost inflation picked up on higher prices for energy, fuel, oil and staff, while output charge inflation was among the highest in close to four years. Looking ahead, business confidence improved.
2019-11-05

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.