Brazil's Service Sector Defies Expectations with February Growth

Brazil's Service Sector Defies Expectations with February Growth

Brazil’s service sector surprised analysts in February, posting a 0.8% growth after a 0.6% contraction in January, according to official data from the Brazilian Institute of Geography and Statistics (IBGE). This performance exceeded forecasts and highlighted the resilience of key industries despite broader economic challenges, including high inflation and elevated interest rates. The information and […]

According to the IBGE, tourism activities expanded by 2.9% in the month; for the specialist, 'increase signals a healthy and consistent recovery' The post With an increase of 0.8%, services resumed growth in February appeared first on Monitor Mercantil.

Compared to February 2024, the indicator increased by 4.2%, and in the 12-month period, it expanded by 2.8%

Cumulative increase of 2.8% in 12 months, IBGE shows