Brazil’s Services Growth Eases Slightly to 3.3% in January, Still Signals Resilient Demand

Brazil’s service sector grew 3.3% year-over-year in January 2026, showing a marginal slowdown from December 2025’s revised 3.4% annual increase, according to data updated on 13 March 2026.

The figures indicate that, while momentum has cooled slightly, the sector remains on a solid growth path compared with the same period a year earlier. The January reading continues the trend of positive annual expansion observed at the end of 2025, underscoring persistent underlying demand in services.

On a year-over-year basis, the current 3.3% gain compares the performance of January 2026 to January 2025, while the previous 3.4% figure reflected the change in December 2025 versus December 2024. This stable, though modestly lower, pace of growth suggests the services segment remains a key pillar supporting Brazil’s broader economic activity at the start of 2026.