Brazil’s service sector registered a sharp deceleration in February 2026, with year‑on‑year growth easing to 0.5%, down from 3.2% in January 2026. The latest data, updated on 14 April 2026, show a clear loss of momentum after a stronger start to the year.
The figures are based on a year‑over‑year comparison, measuring February’s performance against the same month a year earlier. January’s indicator similarly reflected growth versus January of the previous year. While the sector remains in positive territory, the pronounced slowdown suggests underlying demand in services has cooled heading into late Q1 2026, potentially signaling a more cautious outlook for the broader Brazilian economy if the trend persists.
