Brazil services sector deepens drop in August
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
SAO PAULO (Reuters) - Activity in Brazil's services sector deepened its downturn in August as new business fell for the 18th straight month, a private survey showed on Monday, although slowing job losses and easing inflation provided some relief for a struggling economy.
The Purchasing Managers Index (PMI) for Brazilian services
The deeper contraction along with an ongoing manufacturing slump dragged Markit's Composite Index
Financial intermediation was the only one of six service categories that did not post slower activity in the month.
The rate of job losses and input price increases eased to the slowest since January.
Reporting by Brad Haynes; Editing by Meredith Mazzilli
firstname.lastname@example.org; +55 11 5644 7725; Reuters Messaging: email@example.com
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Italian student's murder in Egypt is 'open wound': Italy minister
- Exclusive: Dr Pepper Snapple in talks to buy Bai Brands - sources
- California Chrome, Arrogate head Breeders' entries
Create E-mail Alert Related CategoriesReuters
Related EntitiesRaising Prices, Layoffs
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!