PMI of Services in Brazil Drops to 54.8 in June Amid Cost Pressures

The activity in Brazil’s service sector continued to expand in June, albeit at a slower pace than in May. According to S&P Global, the Purchasing Managers’ Index (PMI) for the sector decreased from 55.3 to 54.8 over the month. The composite PMI, which consolidates both industry and services, saw a slight increase, moving from 54.0 […]