Brazil's service sector logged a marginal deterioration in August as output and new orders fell at slower rates, survey results published by S&P Global showed on Wednesday.
The seasonally adjusted S&P Global Brazil Services Business Activity Index rose to 49.3 in August from 46.3 the previous month. However, any score below 50 indicates contraction.
The survey revealed that a softer deterioration in demand curbed contractions in new business intakes and output. The overall decline was due to demand retrenchment and fierce competition.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.