Financial News: Brazil Service Sector Downturn Eases In August

Brazil Service Sector Downturn Eases In August

09/03/2025 - 09:46:00 (RTTNews)

(RTTNews) - Brazil's service sector logged a marginal deterioration in August as output and new orders fell at slower rates, survey results published by S&P Global showed on Wednesday.

The seasonally adjusted S&P Global Brazil Services Business Activity Index rose to 49.3 in August from 46.3 the previous month. However, any score below 50 indicates contraction.

The survey revealed that a softer deterioration in demand curbed contractions in new business intakes and output. The overall decline was due to demand retrenchment and fierce competition.

Service providers continued to reduce workforce numbers in August amid the combined effect of cost-cutting measures and reduced workloads. Moreover, the rate of job shedding was the quickest in nearly four-and-a-half years.

On the price front, input price inflation accelerated in August due to greater tax burdens, list price adjustments among vendors, unfavorable exchange rates and union agreements, and operating expenses. As a result, selling price inflation remained historically elevated.

The composite output index rose to 48.8 in August from 46.6 in July, indicating a softer downturn in the Brazilian private sector.

Separate official data showed that industrial production dropped 0.2 percent monthly in August versus a flat change in July. On a yearly basis, industrial output advanced by 0.2 percent.

Among major economic categories, capital goods and consumer goods output slid by 0.2 percent and 0.1 percent, respectively, compared to July, preliminary data from the statistical office IBGE showed.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Govt Has Started To Fire Federal Workers (06 hr(s), 45 min(s), 54 sec(s) ago)
(RTTNews) - The U.S. government has started to layoff federal employees, the Office of Management ...Full Story»

U.S. Consumer Sentiment Virtually Unchanged In October (12 hr(s), 19 min(s), 54 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed its reading on U.S. c ...Full Story»

Latvia Trade Deficit Narrows In August (13 hr(s), 01 min(s), 54 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit decreased in August from a year ago, as exports gre ...Full Story»

Turkey Retail Sales Growth Eases To 12.2% (13 hr(s), 18 min(s), 54 sec(s) ago)
(RTTNews) - Turkey's retail sales growth moderated for the third straight month in August, tho ...Full Story»

Slovakia Industrial Output Shrinks Most In 17 Months (13 hr(s), 39 min(s), 54 sec(s) ago)
(RTTNews) - Slovakia's industrial production decreased at the steepest pace in nearly one-and- ...Full Story»

Swiss Consumers Less Pessimistic In September (14 hr(s), 33 min(s), 54 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained slightly less negative in September, survey ...Full Story»

Portugal Inflation Confirmed At 2.4% (15 hr(s), 26 min(s), 54 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased as initially estimated in September to t ...Full Story»

Romania Q2 GDP Growth Unrevised At 0.3% (16 hr(s), 24 min(s), 54 sec(s) ago)
(RTTNews) - Romania's economic growth held steady in the second quarter, confirming the previo ...Full Story»