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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Brazilian Service Sector Growth MoM fell to -1.2% in April 2026
FMPMonthlyReleased May 2026
Brazil Brazilian Service Sector Growth MoM fell to -1.2% in April 2026, released May 2026, down 1.2% from March's 0.0% reading.
Latest Release
-1.200000
Actual
—
Consensus
0.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.62 | INDEX | Bullish S&P 500 | → View |
| Bovespa | ▲ Direct | +0.45 | INDEX | Bullish Bovespa | → View |
| USD/BRL | ▼ Inverse | −0.26 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Brazilian Service Sector Growth MoM (Brazil) was reported at -1.2% in May 2026. The reading fell from the previous value of 0%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.05%, ranging from -1.2% to 0.6% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -0.43%, down from the prior three at 0.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with Bovespa, positively correlated (Bullish Bovespa).
WHAT TO WATCH NEXT
The next release is scheduled for June 11, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Jun 10) and Inflation Rate MoM (Jun 10).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Brazilian Service Sector Growth MoM - BR
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About Brazilian Service Sector Growth MoM — Brazil
DEFINITION
Brazilian Service Sector Growth MoM contracted by -1.200000% in May, a sharp decline from April's 0.1%. This marks a significant reversal after two months of modest expansion, signaling a notable slowdown in the sector. Market participants will closely watch upcoming economic data for further signs of momentum. Updated 5/15/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2026): actual -1.2 %. Prior reading (Feb 2026): 0.1 %. Before that (Jan 2026): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.62) — a useful reference for index-focused traders.