FX.co ★ Brazil Services PMI Extends Growth Streak

Brazil's S&P Global Services PMI increased to 51.3 in June 2026 from 50.4 in May, indicating a slightly stronger expansion in the services sector and extending the current growth streak to eight consecutive months. Survey data showed that new business continued to rise only modestly. Growth was recorded in transport, information and communication, and consumer services, while finance and insurance, as well as real estate and business services, contracted. The improvement in demand occurred despite persistent price pressures: output charge inflation quickened and remained among the highest levels of the past 16 months. Input costs also rose at the fastest rate since February 2025, reflecting higher prices for commodities, fuel, transportation, and food. At the same time, employment fell, ending a four-month period of job creation, as firms reported layoffs and restructuring. Business confidence deteriorated to an 11-month low, weighed down by concerns over the upcoming presidential election, economic instability, and geopolitical tensions.