Services grow, reaching highest point since March 2016

Services sector grows and reaches best level since March 2016
Photo: Tânia Rêgo/ABr

The volume of services provided in Brazil rose 1.1 percent in July this year, according to data released on Tuesday by the Brazilian Institute of Geography and Statistics. With this performance, the sector reached its highest point since March 2016 and is 3.9 percent above pre-pandemic levels (February 2020).

This is the fourth consecutive monthly growth in Brazil’s services. From April to July, the sector grew 5.8 percent. Compared with July last year, performance has jumped 17.8 percent, and 2.9 percent over the last 12 months. 

Services provided to households grew by 3.8 percent — with 38.4-percent growth between April and July. However, the segment is still 23.2 percent below its pre-pandemic level, being the only type of service to have not fully recovered since the health crisis began.

Professional, administrative, and complementary services grew by 0.6 percent, rising 4.3 percent over the last three months. Meanwhile, information and communication, as well as transport services, declined by 0.4 and 0.2 percent respectively in July.