FX.co ★ Brazil’s Service Sector Expansion Cools in April, Year‑on‑Year Growth Slows to 1.9%

Brazil’s service sector lost some momentum in April 2026, with year‑on‑year growth easing to 1.9%, down from a revised 3.0% increase recorded in March 2026. The latest figures, updated on 11 June 2026, indicate that while the sector continues to expand compared with a year earlier, the pace of that expansion has moderated.

The data are based on year‑over‑year comparisons, where the current reading reflects the change in April 2026 relative to April 2025. Similarly, the previous indicator captures the change in March 2026 versus March 2025. The slowdown from 3.0% to 1.9% suggests that service activity, though still on a growth trajectory, is facing headwinds relative to the stronger performance seen in the prior month.

This deceleration in services, a key driver of Brazil’s broader economic activity, will be closely watched by investors and policymakers. The softer annual growth rate could influence expectations for domestic demand and may factor into assessments of Brazil’s near‑term economic outlook.