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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Composite PMI fell to 47.4 Points in September 2026
FMPMonthlyReleased October 2026
Brazil S&P Global Composite PMI fell to 47.4 Points in September 2026, released October 2026, down 1.7 Points from August's 49.1 Points reading. The reading matched the 48.5 Points consensus.
Latest Release
47.400000
Actual
48.500000
Consensus
49.100000
Previous
Median Absolute Error
±1.56
across last 12 releases
Last Call
Oct 2026
Predicted: 47.78
Actual: 47.4
Error: +0.38
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.63 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.59 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.45 | INDEX | 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 47.40 Points in September 2026. This missed the market consensus of 48.50 Points by 1.10 Points. The reading fell from the previous value of 49.10 Points. Over the past 12 months, the indicator has averaged 49.54 Points, ranging from 47.40 Points to 52.10 Points across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 48.43 Points, down from the prior three at 50.23 Points. Volatility over the past year (σ 1.37 Points) is lower than the prior year (σ 2.90 Points). In October readings over the past 3 years, S&P Global Composite PMI has averaged 49.53 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). 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 November 5, 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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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 (Sep 2026): actual 47.4 Points, consensus 48.5 Points. Prior reading (Aug 2026): 49.1 Points. Before that (Jul 2026): 48.8 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 BTC/USD (Bullish BTC, r=0.63) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
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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 |