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Financial News: BRAZIL: Real Service Revenue Has First Monthly Increase

BRAZIL: Real Service Revenue Has First Monthly Increase In 2018

06/14/2018 - 18:00:00 (RTTNews)

(RTTNews) - Real service revenue in Brazil, which refers to the evolution of the volume of activity in the sector in real terms, excluding inflation, increased 1.0% in April over March - the first monthly increase so far this year, said the South American country's statistics office. Compared to a year earlier, the increase was 2.2%, the highest rate since March 2015. Still, the real revenue of the sector accumulates falls of 0.6% in the year and 1.4% in 12 months through April.

Nominal revenue from services increased by 0.9% in April over March and grew 4.6% on an annual basis. As a result, the nominal revenue of the sector accumulated increases of 1.9% in 2018 and 2.9% in 12 months through April.

Regarding the results by activity, four of the five segments analyzed recorded positive variation in real revenue in April over March. The exception was information and communication services, which fell 1.1%. At the other end of the line, it is worth noting the increases in transport, auxiliary transport and mail services (+1.2%) and professional, administrative and complementary services (+1.7%). Services to households (+1.5%) and other services (+0.7%) also increased on a monthly basis. The special aggregate of tourist activities rose by 3.3% from March to April.

On an annual comparison, real revenue also rose in four of the five recorded segments.

The only activity to fall was information and communication services (-1.6%), which was driven, in large part, by lower real telecom revenues. At the other end, there was a rise in transport, auxiliary transport services and mail (+4.4%) services (+0.8%) and other services (+11.4%). On the same comparison basis, tourism activities grew by 2.2%.

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