FX.co ★ Brazil Private Sector Growth Stalls

Brazil’s S&P Global Composite PMI slipped to 49.9 in March 2026 from 51.3 in February, signaling a near-stagnation in overall economic activity. The dominant services sector recorded only marginal growth, while manufacturing remained in contraction, though the downturn eased slightly. New orders fell again after a modest rebound in February, reflecting pressured household finances and worsening economic conditions. In contrast, employment rose slightly. On the inflation front, price pressures intensified in the aftermath of the Middle East crisis. Input costs surged, marking their steepest increase since April 2025, while prices charged for goods and services climbed at the fastest rate since February 2025.