The city on the beach in Brazil

Brazil PMI April 2024

Brazil: Services sector improves at a slower pace in April

The S&P Global Brazil Services Purchasing Managers’ Index (PMI) fell to 53.7 in April from 54.8 in March. As a result, the index remained above the 50.0 no-change threshold, but signaled a softer improvement in services sector business activity compared to the previous month.

April’s moderation was due to output, new orders and employment increasing at slower paces from the prior month. That said, the growth rate of new orders remained robust on resilient demand, and underpinned the second-strongest increase in employment in a year. This marked the seventh consecutive month of job creation, reflecting service providers’ optimism and response to sustained increases in new work intakes. That said, optimism eased to a nine-month low in the month.

Turning to prices, input and labor costs continued to rise, leading to higher overall expenses, although the rate of charge inflation eased to a six-month low, suggesting some firms offered discounts to secure new work.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest