Volume of services is stable in November

The volume of services in Brazil did not change from October to November 2022. According to the Monthly Services Survey (PMS), the sector is 10.7% above the pre-pandemic level (February 2020) and 0.5 % below the record level, recorded in September 2022. In comparison with November 2021, the sector grew by 6.3%. There were also hikes in the index accumulated in the year (8.5%) and in 12 months (8.7%). From October to November, three of the five activities surveyed fell: information and communication (-0.7%), other services (-2.2%) and services provided to families (-0.8%). On the other hand, transport grew by 0.3%, while professional, administrative and complementary services grew by 0.2%. Nominal revenue fell by 0.2% compared to October and increased by 12% compared to November 2021 and 16% in the year and 12 months.

Agência Brasil