Brazil services activity falls 1.2 percent in March
Brazil's services activity declined 1.2% in March from February, missing economist expectations for a smaller 0.1% drop. All five surveyed groups contracted during the month, reflecting the lagged effects of restrictive monetary policy as the central bank monitors persistent price pressures.
Xurve View
Xurve View
Brazil services activity fell 1.2% in March, missing economist forecasts for a 0.1% decline. All five surveyed groups contracted during the month, with transportation the main drag. Persistent price pressures and slowing output complicate the central bank's efforts to balance inflation with monetary easing.
