Summary
The services sector in Brazil grew by 0.9% in May, above the market median that expected a 0.3% advance.
Positive highlights
Transportation (2.2%), services provided to families (1.1%), other services (0.6%), and information and communication (0.2%).
Negative highlight
Professional, administrative, and support services (-1.0%).
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May showed a recovery from the negative data seen in April (-1.5%), but it still does not fully reverse the losses in the quarter. The boost from the transportation sector was crucial for this improvement, as the demand for workers in the sector has been growing marginally. However, even with the better data, it does not deviate much from the view of sector stabilization and overall activity for the year.
