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05.10.202613:22:12UTC+00Brazil Services PMI Falls Into Contraction

The S&P Global Brazil Services Business Activity Index slipped to 49.2 in September 2026 from 50.5 in August, indicating a renewed contraction in output and marking the sharpest decline since October 2025. Business conditions worsened as softer demand led to declines in activity, employment, and new orders. Budget constraints among clients, stronger competitive pressures, weak overall demand, and project cancellations drove total sales into contraction by the end of the third quarter. In response to shrinking pipelines of new work, service providers also cut staff. Even so, firms turned more optimistic about future growth, citing expectations of better economic conditions following the presidential election. At the same time, both input cost inflation and selling price inflation eased.

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