By Jay Forte, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The volume of the services industry in Brazil fell by four percent in February, compared to the same period of 2015. According to a report released today (April 13th) by the Brazilian Institute of Geography and Statistics (IBGE) the services sector accumulated a decline of 4.5 percent in the year, with a 3.7 percent drop over the last twelve months.
The result of Pesquisa Mensal de Serviços (PMS) - or Monthly Services Survey - recorded the drop of 3.7 percent, but after deducting the inflation of the nominal revenue . . .