Services sector grows 1.2% in May

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Compared to the month of the previous year, there was an increase of 23.0% in May 2021

the volume of services rendered rose 1.2% in May compared to April, in the seasonally adjusted series, according to data from the Monthly Survey of Services, informed this Tuesday morning, 13, by the Brazilian Institute of Geography and Statistics (IBGE). In the previous month, the result of the indicator was revised from a high of 0.7% to an increase of 1.3%. The result of May was within the estimates of analysts heard by Broadcast Projections, which predicted a rise between 0.30% to 2.00%, with a positive median of 1.00%.

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In comparison with May of the previous year, there was an increase of 23.0% in May 2021, already discounting the effect of inflation. In this comparison, forecasts were for an increase of 20.60% to 24.40% with a positive median of 21.85%.

The rate accumulated in 2021 was an increase of 7.3%. In 12 months, services accumulate fall of 2.2%. The nominal gross revenue of the services sector rose 1.1% in May compared to April. In comparison with May 2020, there was an increase of 25.4% in nominal revenue.

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palheta smll Services sector grows 1.2% in May

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