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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Services PMI fell to 49.7 Points in July 2026
FMPMonthlyReleased August 2026
Brazil S&P Global Services PMI fell to 49.7 Points in July 2026, released August 2026, down 1.6 Points from June's 51.3 Points reading. The reading matched the 50.8 Points consensus.
Latest Release
49.700000
Actual
50.800000
Consensus
51.300000
Previous
Median Absolute Error
±2.57
across last 12 releases
Last Call
Aug 2026
Predicted: 50.05
Actual: 49.7
Error: +0.35
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.42 | FOREX | Moves with | → View |
| USD/BRL | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.27 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (Brazil) was reported at 49.70 Points in July 2026. This missed the market consensus of 50.80 Points by 1.10 Points. The reading fell from the previous value of 51.30 Points. Over the past 12 months, the indicator has averaged 50.18 Points, ranging from 46.30 Points to 53.70 Points across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 51.07 Points, down from the prior three at 51.70 Points. Volatility over the past year (σ 2.22 Points) is lower than the prior year (σ 3.37 Points). In August readings over the past 3 years, S&P Global Services PMI has averaged 50.80 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with USD/BRL, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 2.58 Points.
WHAT TO WATCH NEXT
The next release is scheduled for September 3, 2026. Same-country events in the next 14 days include Unemployment Rate (Aug 27) and Gross Domestic Product MoM (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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S&P Global Services PMI - BR
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About S&P Global Services PMI — Brazil
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 49.7 Points, consensus 50.8 Points. Prior reading (May 2026): 50.4 Points. Before that (Apr 2026): 52.3 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 EUR/USD (Bullish EUR, r=0.42) — a useful reference for forex-focused traders.
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Economic Calendar - BR Events
| Tuesday, August 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | FGV Consumer Confidence | 84.7 | 88.3 | 88.6 | 86.65 | Low |
| Wednesday, August 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:00 | BR | IPCA mid-month CPI MoM | 0.06 | -0.3 | -0.26 | Low | |
| 12:00 | BR | IPCA mid-month CPI YoY | 4.52 | 4.34 | 4.38 | Low | |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:30 | BR | Current Account | -2.33 | -6.6 | -6.60 | Low | |
| 11:30 | BR | Foreign Direct Investment | 9.07 | 7.9 | 7.90 | Low | |
| 12:00 | BR | Unemployment Rate | 5.4 | 5.3 | 5.25 | Medium | |