Brazil Services PMI Contracts, Reflecting Slower Private Sector Growth
What happened
S&P Global stated that the Purchasing Managers’ Index for services in Brazil entered contraction in September, falling to 49.2 from 50.5 in August. This marked the sharpest decline in service activity since October 2025. The Composite PMI Output Index, which combines both services and manufacturing, dropped to 47.4 from 49.1, representing the fastest decline in private sector output in a year.
From riotimesonline.com
Why it matters
The survey, conducted among about 400 service companies, cited political and economic challenges, weak demand, and budget constraints among clients as reasons for the decline. Companies also reported a 'wait-and-see approach' ahead of the presidential runoff, leading to reduced new business.
From riotimesonline.com
Who's involved
- S&P Global Market IntelligenceCompiles the service sector survey data on the Brazilian economy.
- S&P GlobalThe larger corporation under which S&P Global Market Intelligence operates.
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The entities involved
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S&P Global Market Intelligence
business unit of S&P Global
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S&P Global
American publicly traded corporation, formerly McGraw Hill Financial, Inc
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