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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Brazilian Service Sector Growth MoM fell to 0.0% in August 2026
FMPMonthlyReleased September 2026
Brazil Brazilian Service Sector Growth MoM fell to 0.0% in August 2026, released September 2026, down 0.1% from July's 0.1% reading.
Latest Release
0.000000
Actual
—
Consensus
0.100000
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 | +0.74 | INDEX | Moves with | → View |
| Bovespa | ▲ Direct | +0.60 | 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% in September 2026. The reading fell from the previous value of 0.1%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.08%, ranging from -1.2% to 1.2% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 0.4%, up from the prior three at -0.43%. Volatility over the past year (σ 0.59%) is higher than the prior year (σ 0.36%).
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
Same-country events in the next 14 days include Retail Sales MoM (Sep 15) and Retail Sales MoM (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Brazilian Service Sector Growth MoM - BR
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About Brazilian Service Sector Growth MoM — Brazil
DEFINITION
Brazil's Brazilian Service Sector Growth MoM registered 0.000000% in August, unchanged from July's 0.100000%. The flat reading signals a pause in monthly expansion for the service sector after a modest gain. Market participants will watch upcoming economic data for further direction amid steady central bank policy. Updated 9/10/26
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 (Jul 2026): actual 0 %. Prior reading (Jul 2026): 0 %. Before that (Jul 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.74) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - BR Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:00 | BR | Business Confidence | 44.9 | 46.3 | 45.7 | 45.30 | Medium |
| 17:30 | BR | Business Confidence | 44.9 | 46.3 | 45.7 | 45.30 | Medium |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:00 | BR | Retail Sales MoM | 0.5 | -0.2 | -0.65 | Medium | |
| 12:00 | BR | Retail Sales YoY | 2.9 | 2.2 | 1.70 | Low | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:00 | BR | IBC-BR Economic Activity | -0.6 | -0.1 | -0.15 | Low | |
| 21:30 | BR | Interest Rate Decision | 14 | 13.75 | 13.75 | Medium | |