FX.co ★ Brazil’s Private Sector Slump Deepens as September Composite PMI Falls to 47.4

Brazil’s private sector activity weakened further in September, with the S&P Global Composite PMI slipping to 47.4 from 49.1 in August 2026, signaling a sharper contraction in overall business conditions.

The drop below the 50.0 threshold for a second consecutive month indicates that both output and new business are under mounting pressure, pointing to a more entrenched slowdown in the country’s combined manufacturing and services sectors. The latest reading suggests that the softness seen in August has not only persisted but intensified into September.

The updated data, released on 05 October 2026, will likely reinforce concerns over the near-term momentum of Brazil’s economy, as sustained sub-50 PMI readings are commonly associated with rising downside risks to growth and employment.