RIO DE JANEIRO, BRAZIL - Brazil’s services sector continued its upward trajectory in May, showing record growth that was 0.2% higher than pre-pandemic levels, according to data released on Tuesday.
The sector grew 23.0 percent from May 2020, statistics agency IBGE said. Economists had forecast a median rise of 22.6 percent in a Reuters poll.
Services activity rose 1.2 percent from April after seasonal adjustments.
Still, the sector remains below the levels seen in February of this year, just before a second wave of the COVID-19 pandemic led to new economic restrictions in March . . .
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