Brazil Services Sector Falls 4 Percent in Last 12 Months

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 . . .

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