By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The volume of the services industry in Brazil fell by 4.5 percent in April, compared to the same period of 2015, with negative variations in all of the segments. According to a report released today (June 15th) by the Brazilian Institute of Geography and Statistics (IBGE), however, the nominal revenues for the sector grew by 0.4 percent in April of 2016 in comparison to the same month last year.
April’s results come after similarly disappointing results in March (-5.9 percent) and Subscribe to our Premium Membership Plan. Already Subscribed? Login Here