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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil S&P Global Services PMI fell to 49.2 Points in September 2026
FMPMonthlyReleased October 2026
Brazil S&P Global Services PMI fell to 49.2 Points in September 2026, released October 2026, down 1.3 Points from August's 50.5 Points reading. The reading matched the 49.9 Points consensus.
Latest Release
49.200000
Actual
49.900000
Consensus
50.500000
Previous
Median Absolute Error
±2
across last 12 releases
Last Call
Oct 2026
Predicted: 49.5
Actual: 49.2
Error: +0.3
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 | +0.37 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | 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 49.20 Points in September 2026. This missed the market consensus of 49.90 Points by 0.70 Points. The reading fell from the previous value of 50.50 Points. Over the past 12 months, the indicator has averaged 50.63 Points, ranging from 47.70 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 49.80 Points, down from the prior three at 51.60 Points. Volatility over the past year (σ 1.76 Points) is lower than the prior year (σ 2.97 Points). In October readings over the past 3 years, S&P Global Services PMI has averaged 50.43 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). 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 November 5, 2026. Same-country events in the next 14 days include CFTC BRL speculative net positions (Oct 23) and BCB Focus Market Readout (Oct 26).
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Sep 2026): actual 49.2 Points, consensus 49.9 Points. Prior reading (Aug 2026): 50.5 Points. Before that (Jul 2026): 49.7 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.
Σ
EXPECTED ZONE
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Economic Calendar - BR Events
| Friday, October 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | BR | IPCA mid-month CPI YoY | 4.62 | 4.47 | 4.73 | 4.67 | Low |
| 12:00 | BR | IPCA mid-month CPI MoM | 0.32 | 0.7 | 0.43 | 0.37 | Low |
| Monday, October 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | BR | FGV Consumer Confidence | 84.2 | 83.7 | 83.60 | Low | |
| 11:30 | BR | Current Account | -5.06 | -4.5 | -4.44 | Low | |
| 11:30 | BR | Foreign Direct Investment | 7.4 | 9.5 | 11.54 | Low | |
| Tuesday, October 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:30 | BR | Foreign Direct Investment | 7.4 | 9.5 | 11.54 | Low | |
| 11:30 | BR | Current Account | -5.06 | -4.5 | -4.44 | Low | |
| 12:00 | BR | Producer Price Index YoY | 2.53 | 2.7 | 2.70 | Low | |
| 12:00 | BR | Producer Price Index MoM | 0.36 | 0.5 | 0.50 | Low | |