Summary
The services volume (PMS) increased by 0.2% MoM in June, below market expectations (0.5%)
Positive Highlights
Advances in professional, administrative, and supplementary services (0.8%), services rendered to households (1.9%), and information and communication (0.5%).
Negatives Highlights
Declines in transport (-0.3%) and other services (-0.4%).
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Although the lower-than-expected growth in June, the services sector remains resilient, but decelerating. Looking ahead, we expect the sector to continue its trend of moderation.
