The Monthly Survey of Services, released today by IBGE, indicated that the volume of services fell by 0.2% in August 2019, compared to July, the sector's fifth negative result in 2019. In August 2018, fall was 1.4%. Year-to-date, despite the decline, the sector advanced 0.5%.
In 12 months, there was a loss of pace of recovery, with accumulated growth going from 0.9% in July to 0.6% in August. When considering the entire historical series, which began in 2011, the volume of services in the country is still 12.1% below its best moment, reached in November 2014.
According to IBGE, retail sales, mainly from supermarkets and hypermarkets, prevented retail sales from being negative in August. The volume of trade in this month was 0.1% compared to July, indicating stability. August 2019 was also the third consecutive month that the sector obtained a positive rate, accumulating a high of 1.2% in the year.
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