Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Services PMI climbed to 50.5 Points in August 2026
FMPMonthlyReleased September 2026
Brazil S&P Global Services PMI climbed to 50.5 Points in August 2026, released September 2026, up 0.8 Points from July's 49.7 Points reading. The reading matched the 51 Points consensus.
Latest Release
50.500000
Actual
51.000000
Consensus
49.700000
Previous
Median Absolute Error
±2
across last 12 releases
Last Call
Sep 2026
Predicted: 50.45
Actual: 50.5
Error: -0.05
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 |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.31 | 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 Services PMI (Brazil) was reported at 50.50 Points in August 2026. This missed the market consensus of 51.00 Points by 0.50 Points. The reading rose from the previous value of 49.70 Points. Over the past 12 months, the indicator has averaged 50.31 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 trailing three releases averaged 50.20 Points, down from the prior three at 52.70 Points. Volatility over the past year (σ 2.20 Points) is lower than the prior year (σ 3.25 Points). In September readings over the past 3 years, S&P Global Services PMI has averaged 51.33 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bearish USD). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.00 Points.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026. Same-country events in the next 14 days include BCB Focus Market Readout (Sep 8) and Inflation Rate MoM (Sep 11).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
SHARE
S&P Global Services PMI - BR
Loading chart data...
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 (Aug 2026): actual 50.5 Points, consensus 51 Points. Prior reading (Jul 2026): 49.7 Points. Before that (May 2026): 50.4 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 USD/BRL (Bearish USD, r=-0.41) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - BR Events
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 13:00 | BR | Auto Production MoM | 3.1 | -2 | -2.00 | Low | |
| 13:00 | BR | New Car Sales MoM | 2.6 | -1.7 | -1.70 | Low | |
| Wednesday, September 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:00 | BR | Car Production MoM | 3.1 | -2 | -2.00 | Low | |
| 13:00 | BR | New Car Sales MoM | 2.6 | -1.7 | -1.70 | Low | |
| 13:00 | BR | Auto Production MoM | 3.1 | -2 | -2.00 | Low | |