RIO DE JANEIRO, BRAZIL - Private sector business activity in Brazil roared back to life in June, a purchasing managers’ survey showed on Monday, July 5, driven by the fastest pace of growth in the dominant services sector in more than eight years.
Services sector new business orders, new exports, and employment led to indicating that Latin America’s largest economy is set for solid growth in the second half of the year.
IHS Markit’s headline Brazil services PMI jumped to 53.9 from 48.3 in May, the fastest expansion since January 2013. This helped pull the composite PMI . . .
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