The IHS Markit Brazil Services PMI rose to 51.1 in December of 2020 from 50.9 in the previous month. The reading pointed to the fourth consecutive expansion in the services sector, as new business and output increased further. However, there was a renewed decline in employment, attributed to a spike in COVID-19 cases and efforts to curb expenses. In terms of prices, the rate of input inflation soared to a near four-and-a-half-year peak, on higher prices for a number of items, partially linked to input shortages and US dollar strength. Accordingly, average output charges rose at a solid rate that was the strongest in a year and outpaced its long-run average. Looking forward, the degree of positive sentiment improved from November, amid optimism around vaccine developments. source: Markit Economics

Services PMI in Brazil averaged 48.15 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 January of 2021.

Services PMI in Brazil is expected to be 51.50 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 51.30 in 12 months time. In the long-term, the Brazil Services PMI is projected to trend around 50.90 points in 2022, according to our econometric models.

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Brazil Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.10 50.90 57.10 27.40 2011 - 2020 points Monthly


News Stream
Brazil Services Activity Expands for 4th Month
The IHS Markit Brazil Services PMI rose to 51.1 in December of 2020 from 50.9 in the previous month. The reading pointed to the fourth consecutive expansion in the services sector, as new business and output increased further. However, there was a renewed decline in employment, attributed to a spike in COVID-19 cases and efforts to curb expenses. In terms of prices, the rate of input inflation soared to a near four-and-a-half-year peak, on higher prices for a number of items, partially linked to input shortages and US dollar strength. Accordingly, average output charges rose at a solid rate that was the strongest in a year and outpaced its long-run average. Looking forward, the degree of positive sentiment improved from November, amid optimism around vaccine developments.
2021-01-06
Brazil Services Activity Expands for 3rd Month
The IHS Markit Brazil Services PMI fell to 50.9 in November of 2020 from October's nine-month high of 52.3. The reading pointed to the third consecutive expansion in the services sector but only marginal. Business activity rose further, though at a softer rate, as the pandemic crisis continued to weigh. Meantime, new orders grew for the fourth consecutive month, as export orders posted the first increase in 2020 so far. This underpinned the first expansion in employment in nine months. On the price front, the rate of input inflation quickened to the strongest since September of 2016, amid reports of real depreciation and higher prices for fuel, personal protective equipment and a wide range of inputs. Output charges were also lifted but much less than input costs. Looking ahead, sentiment weakened to a four-month low, as fears about a second wave of cases outweighed optimism over public reforms and an effective COVID-19 vaccine.
2020-12-03
Brazil Services Activity Expands for 2nd Month
The IHS Markit Brazil Services PMI increased to 52.3 in October 2020 from 50.4 in the previous month. The latest reading pointed to the second consecutive expansion in the services sector and the sharpest since January amid the ongoing relaxation of coronavirus lockdown restrictions. Output continued to grow and new orders rose for the third successive month and at the strongest pace in nine months. At the same time, the job shedding rate slowed to an eight-month low while exports sales dropped sharply. On the price front, input inflation accelerated to its highest since September 2016 boosted by greater cost of food, petrol, personal protective equipment and hygiene products, while output charges were unchanged. Finally, optimism strengthened to a an eight-month high lifted by hopes of a COVID-19 vaccine and predictions of looser containment measures.
2020-11-05
Brazil Services Activity Back to Expansion in September
The IHS Markit Brazil Services PMI rose to 50.4 in September 2020 from 49.5 in the previous month. The reading pointed to the first expansion in the services sector since February amid the ongoing loosening of coronavirus lockdown restrictions. Output increased and new orders advanced for the second successive month. At the same time, export sales dropped at the softest pace in seven months and the job shedding rate eased to its lowest in the current six-month sequence of reduction. On the price front, input price inflation accelerated to its highest in nearly four years boosted by higher cost of energy, food, fuel, hygiene materials and PPE, while output charges dropped at the weakest rate in six months. Finally, positive sentiment weakened and was subdued compared to the series average as some service providers continue to see the pandemic restricting business activity.
2020-10-05

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.