Financial News: Brazil Services Activity Remains In Contraction

Brazil Services Activity Remains In Contraction

06/04/2025 - 10:29:00 (RTTNews)

(RTTNews) - Brazil's service sector continued to deteriorate in May amid a further fall in new orders and inflationary pressures, survey results published by S&P Global showed on Wednesday.

The seasonally adjusted S&P Global Brazil Services Business Activity Index rose to 49.6 in May from 48.9 in the previous month. However, any score below 50 indicates contraction.

Output fell at a moderate pace in May, though at a quicker pace than in April due to weaker demand and shortages of new business. New orders also fell for the second straight month.

Meanwhile, employment increased marginally, and companies became more optimistic towards output prospects.

On the price front, input price inflation remained sharp despite easing to a 6-month low. The overall cost inflation was driven by higher costs for food, fuel, material, rent, and stationery items. As a result, selling price inflation remained historically high.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

South Africa Inflation At 4-Month High (01 hr(s), 45 min(s), 08 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story»

Singapore Inflation Steady At 0.8% (04 hr(s), 19 min(s), 08 sec(s) ago)
(RTTNews) - Singapore's consumer prices logged a steady growth in June, official data revealed ...Full Story»

Sri Lanka Central Bank Holds Policy Rate (04 hr(s), 36 min(s), 08 sec(s) ago)
(RTTNews) - Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifyi ...Full Story»

Australia's Leading Index Signals Soft Economic Activity In H2: Westpac (06 hr(s), 18 min(s), 08 sec(s) ago)
(RTTNews) - Australia's leading index signaled soft economic activity through the second half ...Full Story»

Singapore Inflation Data Due On Wednesday (25 min(s), 52 sec(s) ago)
(RTTNews) - Singapore will on Wednesday release June figures for consumer prices, highlighting a l ...Full Story»

South Korea Consumer Confidence Index Improves In July - BoK (46 min(s), 52 sec(s) ago)
(RTTNews) - Consumer confidence in South Korea strengthened in July, the latest survey from the Ba ...Full Story»

Eurozone Loan Demand Rises In Q2: ECB Survey (13 min(s), 52 sec(s) ago)
(RTTNews) - Eurozone banks reported an increase in demand for loans from firms and households, the ...Full Story»

UK Budget Deficit Exceeds Estimate In June (01 hr(s), 28 min(s), 08 sec(s) ago)
(RTTNews) - The UK budget deficit widened more than estimated in June on higher debt servicing cos ...Full Story»