LatinNews Daily - 14 January 2022

In brief: Brazil’s services sector recovers losses in November

* Brazil’s national statistics institute (Ibge) has released the latest figures on the services sector, which show that the volume of services grew 2.4% in November 2021 compared with the previous month. This follows two months of negative performance, and recovers the losses accumulated in September-October, when services shrank a combined 2.2%. The services sector is now 4.5% above the pre-coronavirus (Covid-19) pandemic levels recorded in February 2020. “This recovery in the month of November brings the sector to the highest level in the last six years, equal to December 2015”, Rodrigo Lobo, an Ibge research manager, said, noting that the volume of services contracted in March last year because of Covid-19, and in September and October because of high prices in telecommunications and airline tickets. In year-on-year terms, the volume of services grew 10% in November 2021 compared with November 2020. 

End of preview - This article contains approximately 144 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.