The IHS Markit Brazil Services PMI fell to 47.8 in May of 2019 from 49.9 in the previous month. The latest reading pointed to the second straight monthly contraction in services activity, as new export orders shrank the most since last October and employment fell for the third consecutive month. Also, new orders growth moderated to the weakest in the current eight-month sequence of expansion. On the price front, input cost inflation held close to April's five-month high, due to higher prices for basic materials, food, fuel and medicine while the rate of output inflation was marginal and the weakest in the current three-month sequence of inflation. Finally, optimism improved, though the level of confidence was still the second-lowest recorded in the year-to-date. 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 56.90 56.50 68.50 35.00 Index Points [+]
Manufacturing PMI 50.20 51.50 53.50 41.60 [+]
Services PMI 47.80 49.90 57.10 36.90 Index Points [+]
Composite Pmi 48.40 50.60 55.50 38.30 Index [+]
Industrial Production -3.90 -6.20 37.20 -27.70 percent [+]
Industrial Production Mom 0.30 -1.40 25.10 -24.40 percent [+]
Manufacturing Production -1.10 -5.10 18.90 -17.00 percent [+]
Capacity Utilization 77.80 76.50 84.60 75.90 percent [+]
Changes in Inventories 4517.46 -59237.51 31768.86 -59237.51 BRL Million [+]
Total Vehicle Sales 198779.00 189097.00 352722.00 23705.00 [+]
Car Production 275700.00 267546.00 352531.00 2144.00 Units [+]
Car Registrations 245.00 232.00 420.00 2.00 Thousand [+]
Leading Economic Index -0.47 -0.30 3.20 -3.26 percent [+]
Small Business Sentiment 55.80 55.10 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 -24.00 -14.20 21.40 -24.00 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 2886.00 2795.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.80 49.90 57.10 36.90 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 53.40 Jun/19
France 53.10 Jun/19
Germany 55.60 Jun/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.70 Jun/19


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