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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Composite PMI climbed to 49.1 Points in August 2026
FMPMonthlyReleased September 2026
Brazil S&P Global Composite PMI climbed to 49.1 Points in August 2026, released September 2026, up 0.3 Points from July's 48.8 Points reading. The reading matched the 51 Points consensus.
Latest Release
49.100000
Actual
51.000000
Consensus
48.800000
Previous
Median Absolute Error
±1.56
across last 12 releases
Last Call
Sep 2026
Predicted: 50.5
Actual: 49.1
Error: +1.4
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 |
|---|---|---|---|---|---|
| Bovespa | ▲ Direct | +0.84 | INDEX | Moves with | → View |
| USD/BRL | ▼ Inverse | −0.79 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.71 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.54 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.48 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (Brazil) was reported at 49.10 Points in August 2026. This missed the market consensus of 51.00 Points by 1.90 Points. The reading rose from the previous value of 48.80 Points. Over the past 12 months, the indicator has averaged 49.39 Points, ranging from 46.00 Points to 52.10 Points across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 49.13 Points, down from the prior three at 51.10 Points. Volatility over the past year (σ 1.65 Points) is lower than the prior year (σ 3.02 Points). In September readings over the past 3 years, S&P Global Composite PMI has averaged 50.27 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Bovespa (Bullish Bovespa). A secondary relationship exists with USD/BRL, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.56 Points.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026. 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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S&P Global Composite PMI - BR
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About S&P Global Composite PMI — Brazil
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 49.1 Points, consensus 51 Points. Prior reading (Jul 2026): 48.8 Points. Before that (May 2026): 49.5 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 Bovespa (Bullish Bovespa, r=0.84) — a useful reference for index-focused traders.
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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 | 45.55 | 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 | -0.10 | Low | |
| 21:30 | BR | Interest Rate Decision | 14 | 13.75 | 13.75 | Medium | |