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Goldman Sachs

July 3, 2026

Brazil Firmer Manufacturing and Services PMIs

Macro Economic IndicatorsMacro Economic IndicatorsOther

Brazil's Manufacturing and Services PMIs both improved in June 2026, with the Composite PMI rising to 50.7. While cost pressures remain, there are signs of moderation in manufacturing inflation.

Key Takeaways

  • 1.Brazil's Manufacturing PMI rose to 50.8 in June, signaling a return to expansion.
  • 2.Services PMI reached 51.3 in June, indicating firmer activity.
  • 3.Input and output cost pressures remain intense but are beginning to ease in the manufacturing sector.

Table of Contents

  • Brazil: Firmer Manufacturing and Services PMIs; Intense but Moderating Input Cost/Price Pressures in Manufacturing
  • PMIs (50+ = Optimism)
  • Disclosure Appendix

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