Brazil: Private Sector Growth Stalls.

The S&P Global Composite PMI for Brazil fell to 49.9 in March 2026 from 51.3 in the prior month, indicating broadly stagnant activity. The dominant services sector barely grew, while manufacturing continued to contract, albeit at a slower pace. New orders declined, following a small uptick in February, amid strained household finances and deteriorating economic conditions. Meanwhile, employment increased slightly. On the price front, inflationary pressures intensified in the wake of the Middle East crisis. Input cost inflation jumped sharply, reaching its highest level since April 2025. Prices for goods and services rose at the fastest pace since February 2025.