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Financial News: Brazil Service Sector Returns To Growth

Brazil Service Sector Returns To Growth

10/04/2017 - 10:28:00 (RTTNews)

(RTTNews) - Brazil's service sector resumed growth in September, after contracting for four months in a row, boosted by a sustained upturn in new work, survey data from IHS Markit showed Wednesday.

The Services Purchasing Managers' Index climbed to 50.7 from 49 in August. A score above 50 suggests growth in the sector. The figure rose above the neutral mark for the first time since April.

The Composite PMI, which combines manufacturing and services, rose to 51.1 from 49.6 in August, climbing above the neutral mark for the first time in four months.

Factory growth was the strongest since May, separate survey results from IHS Markit showed earlier.

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10/23/2017 - 03:53 AM (RTTNews)
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