The services sector contracted in July, accumulating a 4,6% drop over 12 months.
The volume of services in the country fell 0,8% from June to July of this year; according to data from the Brazilian Institute of Geography and Statistics (IBGE), there was a 3,2% drop in the sector compared to July of last year; the accumulated contraction reaches 4% for the year and 4,6% over 12 months; despite the official discourse of the Michel Temer government, economic recovery remains far from reality.
Vitor Abdala, reporter for Agência Brasil - The volume of services in the country fell 0,8% from June to July this year. According to data from the Monthly Services Survey, released today (13) by the Brazilian Institute of Geography and Statistics (IBGE), there was a 3,2% drop in the sector, compared to July last year. There were also declines of 4% in the year-to-date and 4,6% in the 12-month accumulated figure.
Regarding nominal revenue, there was a decrease of 0,1% compared to June of this year. However, increases of 1,9% were recorded compared to July of last year, 1,7% in the year-to-date figure, and 0,7% in the 12-month accumulated figure.
From June to July, five of the six service segments showed a decrease in volume: other services (-2,8%), tourism activities (-2,1%), professional, administrative and complementary services (-2%), transport, transport support and postal services (-0,9%) and information and communication services (-0,8%).
The only sector that registered an increase was services provided to families, which grew by 0,9%, driven by accommodation and food services, which rose by 1,4%.