Brazil's service sector deteriorated at the fastest pace in more than four years in July, survey results published by S&P Global showed on Tuesday.The seasonally adjusted S&P Global Brazil Services Business Activity Index dropped to 46.3 in July from 49.3 in the previous month. Any score below 50 indicates contraction.The further worsening conditions in July were due to an accelerated drop in new ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.