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Brazil
20.06.22 10:15
Economics

In Brazil, the volume of services grew by 0.2% from March to April

Nominal income from services rose by 0.9% in the period

Services in Brazil showed an increase of 0.2% from March to April this year. This is the second consecutive increase in the indicator as measured by the monthly services survey (PMS) of the Brazilian Institute of Geography and Statistics (IBGE).

As a result, services are 7.2% higher than in February 2020, the pre-pandemic level, but still 4.2% below November 2014, the highest point in the historical series.

Services also showed an increase of 9.4% compared to April 2021, 9.5% year-on-year and 12.8% over 12 months.

An increase of 0.2% from March to April was driven by two of the five activities surveyed: information and communication (0.7%) and services provided to households (1.9%). This is reported by Rede TV!, partner of the TV BRICS network.

On the other hand, three types of activities fell during this period: transport (-1.7%), professional, administrative and additional services (-0.6%) and other services (-1.6%).

The tourism activity index rose by 2.5% in April compared to March. At the same time, the tourism segment is 3.4% below the pre-pandemic level.

Nominal service income rose by 0.9% from March to April, 16.5% from April 2021 and 15.7% from the beginning of the year.

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