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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Composite PMI fell to 49.5 in May 2026
FMPMonthlyReleased June 2026
Brazil S&P Global Composite PMI fell to 49.5 in May 2026, released June 2026, down 2.9 from April's 52.4 reading. The reading missed the 52.7 consensus by 3.2.
Latest Release
49.500000
Actual
52.700000
Consensus
52.400000
Previous
Median Absolute Error
±2.03
across last 12 releases
Last Call
Jun 2026
Predicted: 52.7
Actual: 49.5
Error: +3.2
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 |
|---|---|---|---|---|---|
| Bovespa | ▲ Direct | +0.91 | INDEX | Bullish Bovespa | → View |
| S&P 500 | ▲ Direct | +0.87 | INDEX | Bullish S&P 500 | → View |
| USD/BRL | ▼ Inverse | −0.77 | FOREX | Bearish USD | → View |
| BTC/USD | ▲ Direct | +0.56 | CRYPTO | Bullish BTC | → View |
| EUR/USD | ▲ Direct | +0.49 | FOREX | Bullish EUR | → 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 49.50 in May 2026. This missed the market consensus of 52.70 by 3.20. The reading fell from the previous value of 52.40. Over the past 12 months, the indicator has averaged 49.11, ranging from 46.00 to 52.10 across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 50.23, up from the prior three at 49.97. Volatility over the past year (σ 1.88) is lower than the prior year (σ 2.74). In June readings over the past 3 years, S&P Global Composite PMI has averaged 50.87.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Bovespa (Bullish Bovespa). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 2.03.
WHAT TO WATCH NEXT
The next release is scheduled for July 3, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 17) and CFTC BRL speculative net positions (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (May 2026): actual 49.5, consensus 52.7. Prior reading (Apr 2026): 52.4. Before that (Mar 2026): 49.9.
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=0.91) — a useful reference for index-focused traders.