Brazil’s service sector shrinks 0.6% in October

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Brazil’s service sector shrinks 0.6% in October


The quantity of companies in Brazil shrank 0.6% in October, in comparison with the earlier month, seasonally adjusted, in response to the Monthly Service Survey of the IBGE (Brazilian Institute of Geography and Statistics).

The outcome interrupts a sequence of 5 consecutive constructive outcomes. The institute launched the info on Tuesday, Dec. 13.

Year-to-date, the sector grew 8.7%. Considering the accrued over the past 12 months, the service quantity went from 8.8% in September to 9% in October.

Three actions accompanied the decline: transportation (-1.8%), skilled, administrative, and complementary companies (-0.8%), and companies supplied to . . .

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