The Brazilian service sector in May 2 in May in May in May, which shows PMI

Fall in new orders and product, the Service Activity From Brazil he withdrew in May for the second consecutive month in May, although the contraction was less severe than April, a survey pointed out Wednesday.

A. Survey shopping managers index (PMI)S&P Global compiled, rose to 49.6 in May, from 48.9 in April. Despite the discharge, the indicator is less than the 50 mark – which separates the contraction growth – the second consecutive month.

The survey participants in the middle of the weak demand, leading to another production contraction in May.

In some cases, companies have said that inflation pressures have influenced the size of new orders.

As a result of the contraction of production, the PMI has suggested that employment between service organizations has increased slightly, and the smallest increase in six months has become more optimistic about the perspectives of service suppliers.

Faith has improved between expectations such as improved demand conditions, increased customer base, investment and financial stability, and has reached the highest level in three months.

When the inputs fell to a weak level since November 2024, the two prices for services were high in May, but in May.

Companies are attributed to high -cost prices to transfer costs to consumers, and companies have paid more for food, fuels, materials, rents and stationery as data suggests.

“If this trend continues, if this trend continues, we can see its (monetary) squeeze cycle pause,” said Palina de Lima, Director, S&P Global Market Intelligence Associate.

The BC will meet again this month to determine the basic selic interest rate at 14.75%.

Since the end of 2023, the industry has been in the PMI compound from Brazil to 49.1 in May, with the first contraction of the industry.