The progress was concentrated in one activity, transport, with losses in other sectors
Rio and Sao Paulo – O Services sector He finished the first semester slightly in blue. The volume of the services provided in the country grew by 0.3% in June before May, the fifth month in a row of progress, thus reaching a new record level in the historical series of research on monthly services, which began in 2011 by Brasilian Institute of Geography and Statistics (IBGE).
Despite the expansion, there are signs of deceleration in consumption, said Ban Bav economist BV economist Roberto Papovani. From May to June, the progress was concentrated in one activity, transport, with an increase of 1.5%. There have been losses in the services provided to families (-1.4%), other services (-1.3%), information and communication (-0.2%) and professional, administrative and complementary services (-0.1%).
“As an analyst, I look at the service to families very much, which would be an approximation for income, also consumption. Consumption is an important part of the GDP (Gross domestic product). And then there was a third retraction in the sequence, “said Papovani”. Even with the best number of expected, there are signs of slowing consumption, “he added.
For the economist Antonio Macedo, by Banco Daycoval, the trend is for a more intense slowdown in the service sector only in the second half, due to the effects of restrictive monetary policy.
“We already had a scenario that would have been signs of slowing down more than consumption (for sale to retail) And in industry, but with resilient services in the second quarter, “said Macedo, which provides for an increase of 0.4% for GDP in the second quarter.
The services have accumulated 2.0% growth in the last five months in the ranks of maximums. For now, in 2025, the services have only retired in January, -0.4%, recalled Rodrigo Lobo, head of the Ibge research. In other months there have been progress: February (0.8%), March (0.3%), April (0.4%), May (0.2%) and June (0.3%). The extent of the growth of services remains not so high, due to the already high comparison base, the justified wolf.
From May to June, the positive transport services were guided by the transport of goods on the road and passenger air. The load transport was extracted from the greater dynamism of the economy, being correlated to the flow of agricultural culture, inputs and industrial goods.
The progress of air transport is influenced by the decrease in the price of air tickets, used as a deftur for the execution of the revenue of the sector.
“Passenger air transport is an important activity that has pulled the service sector, which has also helped to explain the growth of services in the year,” said Lobo.
Compared to June 2024, the volume of the services advanced by 2.8% in June 2025, the 15th positive commission below. The services increased by 1.1% in the second quarter of 2025 compared to the first quarter of the year. Compared to the second quarter of 2024, there was an expansion of 2.8% in the second quarter of 2025.
Source: Terra
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