Brazil services sector output was flat for a second month in July and rose just 0.9% year-on-year, as high interest rates cool the economy's largest
BRAZIL · ECONOMY
Key Facts
—The headline Brazil’s services volume was flat (0.0%) in July against June, statistics agency IBGE reported on Thursday — a second straight month without growth.
—The annual read Output rose 0.9% against July 2025, the 28th consecutive positive year-on-year result, but below the 1.1% economists expected.
—The level The sector still operates 20% above its pre-pandemic level of February 2020 and just 0.2% below the all-time high of October 2025.
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