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Services Sector in Brazil Falls 5 Percent in Last 12 Months

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Data released yesterday, April 13th, by the Brazilian Institute of Geography and Statistics (IBGE) shows that the service sector fell by 5.1 percent in relation to February 2016, after declines from last year in January (3.5 percent) and December (5.7 percent).

However in February this year, the sector grew by 0.7 percent compared to January, when there was an increase of 0.2 percent, and in December, the advance was 0.6 percent.

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