17-May-2026
Economy News
 
Brazil's Services Sector Misses Forecasts in March as Transport Drags
16-May-2026

Brazil's services activity fell more than expected in March compared with the previous month, data from the statistics agency IBGE showed on Friday, with transportation the main drag. • Services activity in Latin America's largest economy declined 1.2% in March from February, IBGE said • Economists in a Reuters poll had expected a 0.1% drop • All five groups surveyed contracted in March, IBGE said, with transportation posting the steepest decline

News Source:- https://money.usnews.com/investing/news/articles/2026-05-15/brazils-services-sector-misses-forecasts-in-march-as-transport-drags