Brazil Services Sector Falls 4.6 Percent in Last 12 Months

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?