Services sector in Brazil posts highest growth in 15 years in April; PMI rose to 60.6

The result was boosted by the suspension of Covid-19 restrictions, favorable government actions, and a recovery in demand, according to S&P Global. A Purchasing Managers Index PMI score above 50 indicates an expansion in activity.

RIO DE JANEIRO, BRAZIL - Brazil's services sector began the second quarter with the highest growth rate in 15 years, thanks to increased demand in the face of reduced restrictions to contain the pandemic and despite record inflation in prices collected in April, according to the Purchasing Managers' Index (PMI) survey.

Data released Wednesday (4) by S&P Global showed that the services PMI rose to 60.6 in April from 58.1 in March, down only from 60.8 in April 2007, the second month in which the survey was conducted.

The result was boosted by the suspension . . .

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