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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Brazilian Service Sector Growth MoM fell to -0.1% in September 2026
FMPMonthlyReleased October 2026
Brazil Brazilian Service Sector Growth MoM fell to -0.1% in September 2026, released October 2026, down 0.1% from August's 0.0% reading.
Latest Release
-0.100000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.70 | INDEX | Moves with | → View |
| Bovespa | ▲ Direct | +0.58 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.45 | CRYPTO | Moves with | → View |
| USD/BRL | ▼ Inverse | −0.42 | FOREX | Moves against | → 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 -0.1% in October 2026. The reading fell from the previous value of 0%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.06%, ranging from -1.2% to 1.2% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged -0.03%, down from the prior three at 0.1%. Volatility over the past year (σ 0.6%) is higher than the prior year (σ 0.34%).
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 November 11, 2026. Same-country events in the next 14 days include CFTC BRL speculative net positions (Oct 30) and BCB Focus Market Readout (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update October 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 -0.100000% in September, down from 0.000000% in August. This marks a clear slowdown in Brazil's service sector activity month-over-month. Market participants will watch upcoming data for further signs of economic momentum. Updated 10/14/26
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 (Aug 2026): actual -0.1 %. Prior reading (Jul 2026): 0 %. Before that (Jul 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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=0.70) — a useful reference for index-focused traders.
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Economic Calendar - BR Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | IGP-M Inflation MoM | 1.47 | 1.57 | 1.6 | 1.54 | Low |
| 11:30 | BR | Bank Lending MoM | 0.4 | 0.5 | 1 | 0.70 | Low |
| 17:00 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |
| 18:30 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |