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16/03/2018 - 12:44hs

Services sector slowed by 1.9% in January

Activity dropped over December in Brazil after going up for two months on end, the Brazilian Institute of Geography and Statistics (IBGE) said.

Rio de Janeiro – Services sector activity slowed by 1.9% in January from December, the Brazilian Institute of Geography and Statistics (IBGE) reported this Friday (16). Its Monthly Services Survey showed that the drop came after two hikes, at 1% in November and 1.5% in December. Activity was also down year-on-year in January, by 1.3%, and in the 12 months through January, by 2.7%.

Four of six subsectors saw a slowdown in activity in January from December. The biggest drop was seen in transportation, auxiliary transportation services and postal services (3%). Professional, administrative and complementary services slid by 1.4%. Services rendered to families also slid, by 0.6%, as did information and communication, by 0.2%.

*Translated by Gabriel Pomerancblum

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