Brazilian service sector declined by 0.3% in January

Decline published by IBGE was over last December. Compared to January 2018, however, activity picked up.

From the Newsroom

São Paulo – Brazilian service sector declined by 0.3% in January compared to December 2018. Data was published this Friday (15) by the Brazilian Institute of Geography and Statistics (IBGE). Compared to January 2018, however, the volume grew by 2.1%.

Out of the 27 states analyzed, 14 posted declines over December 2018. The worst performance was by Mato Grosso, with a 9.9% drop. Acre declined by 9.6%, while São Paulo declined by 0.5%. The institute survey manager Rodrigo Lobo said in the release that “on a broader analysis, this slight decline in the monthly result hasn’t offset the accumulated average between November 2018 and last January.”

Two activities accounting for 63% of the services in the country posted declines over December 2018. One of them was the segment of transport, services auxiliary to transports and posting, which dropped by 0.6%. Other service that has declined was information and communication sector, with a 0.2% drop.

Among the sectors that grew are professional, administrative and complementary services, up by 1.7%. A 4.8% growth was registered in “other services,” which encompass real estate purchases, sales and rent as well as automotive vehicle maintenance; and 1.1% in services provided to families. Other services tracked by the survey are tourism activities. In January, the segment grew both over December 2018 (3.2%) and January 2018 (3.8%). The highlight in this area was São Paulo state, up by 11.6%, presenting a positive result for the tenth time in a row.

Translated by Guilherme Miranda

Licia Rubinstein/Agência IBGE Notícias

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