The S&P Global Composite PMI for Brazil climbed to 52.4 in April 2026 from 49.9 in the prior month, indicating a renewed expansion in the country's private sector. Although modest, the expansion was the strongest since March 2025, as both the manufacturing and services sectors expanded. Private sector sales rebounded in April, led by services. Employment increased for the third month, with the rate of job growth reaching the highest since March 20255. However, cost pressures strengthened. Input prices rose at the sharpest rate since mid-2022 and output prices accelerated to a near four-year high.