LatinNews Daily - 11 February 2022

In brief: Brazil’s services sector posts strong 2021 result

* Brazil’s national statistics institute (Ibge) has released the latest figures on Brazil’s services sector, which show that the volume of services grew 1.4% in December 2021 compared with November, and 10.4% year-on-year. In the 12 months to December, the volume of Brazil’s services sector grew a cumulative 10.9%. Services were hard hit by the onset of the coronavirus (Covid-19) pandemic in February 2020, but the Ibge’s research coordinator, Rodrigo Lobo, notes that, “on the other hand, the pandemic brought business opportunities for services aimed at companies, like information technology, freight transport, storage, transport logistics and auxiliary financial services, which posted more expressive gains and compensated for the losses of face-to-face services”. The volume of Brazil’s services sector is now 6.6% above February 2020 levels.

End of preview - This article contains approximately 128 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.