The services sector, the most important in the Brazilian economy, ended the second quarter of 2020 with a decrease of 15.4%, according to the Brazilian Institute of Statistical Geography (IBGE).
The sector was hit hard by the pandemic of the new coronavirus, since some of its main activities had to close its doors due to social isolation measures, such as bars and restaurants, gyms and beauty salons.
In June, the services sector recovered. The sector grew 5% in June, influenced by the easing of social isolation, but even so, the accumulated result is still at a level 24% below the peak of the historical series, recorded in November 2014.
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