Friday, 9 August 2019

Brazilian services sector falls 1% in June and presents the worst performance of 2019, according to IBGE

The service sector in Brazil had the worst rate for June since 2015 with a drop in the 5 surveyed activities. According to the Brazilian Institute of Geography and Statistics (IBGE), compared to June 2018 (series without seasonal adjustment), the volume of services fell 3.6%. This should again bring down expectations for the 2019 Brazilian GDP.


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