Brazil Services Activity Shrinks 0.4% in May, Missing Forecasts
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9 Articles
Brazil services activity shrinks 0.4% in May, missing forecasts
BRASILIA, July 15 (Reuters) - Services activity in Brazil fell 0.4% in May from April on a seasonally adjusted basis, government statistics agency IBGE said on Wednesday, missing economists' expectations in a Reuters poll for a 0.1% monthly incre...
After 4.1% advanced in April, the volume of tourist activities fell 0.4% in May before April, reported on Wednesday (15) the Brazilian Institute of Geography and Statistics (IBGE). The index of tourist activities developed by the institute is always conveyed on the day of the dissemination of the Monthly Service Survey (PMS), which also showed a decrease of 0.4% in the variation of the volume of services in May before April. With the performance…
The Brazilian services sector contracted in May 2026, interrupting the growth observed…
The service sector in Brazil, which includes segments such as tourism, restaurants, beauty salon, internet and information technology, retreated in May of this year, according to data released on Wednesday, 15, by the Brazilian Institute of Geography and Statistics (IBGE). Compared to the previous month, the services recorded a drop of 0.4%, according to IBGE. The negative result was pulled by the poor performance of the transport segment. In re…
The CNC (National Confederation of Commerce of Goods, Services and Tourism) stated this Wednesday (July 15, 2026) that the indebtedness of 81.6% of Brazilian families contributed to the 0.4% decline in the volume of services in May. "The direct impact of the financial squeeze is visible in services provided to families, which registered moderate expansion of only 0.2% in May. The segment has been sustained in isolation by food activities, while …
The service sector, which brings together activities such as tourism, restaurants, beauty salon, internet and information technology (IT), fell by 0.4% in May, driven by negative transport performance.According to the Ministry of Finance's Secretariat for Economic Policy (SPE), the result fell below market expectations (range from -0.3% to 0.6%; median of .0%). Related news:Industrial confidence falls to the lowest level since the pandemic.Bolet…
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