Brazil's service sector activity remained virtually stalled in March amid renewed decline in new orders along with intense cost pressures, survey results published by S&P Global showed on Monday.
The seasonally adjusted S&P Global Brazil Services Business Activity Index dropped to 50.1 in March from 53.1 in February. Nonetheless, a score above 50 indicates expansion.
The survey revealed that the month of March proved challenging for Brazilian service providers, as the war in the Middle East drove up fuel prices and brought renewed inflationary pressures.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.