The volume of services in Brazil increased by 1.1% in October this year, compared to September. With the result, the sector reached a record level in the historical series, which began in 2012, according to data from the Monthly Services Survey (PMS), released this Wednesday (11), in Rio de Janeiro.
Compared to October 2023, the sector grew 6.3%. Advances were also observed in the accumulated result for the first ten months of 2024 (3.2%) and in the accumulated result for 12 months (2.7%).
The increase from September to October was driven mainly by the transport sector, which grew 4.1%. “Air transport had the main positive impact in the month due to the drop in air ticket prices”, explains Rodrigo Lobo, researcher at IBGE.
The growth of air transport reached 27.1% in the period, while the other components of transport services had increases of less than 3%: land (1.6%), water transport (0.7%) and storage, auxiliary services transport and mail (2.6%).
Another service sector that saw expansion was professional, administrative and complementary services (1.6%).
Fall
Despite the average growth in the services sector, three activities fell from September to October: information and communication (-1%); other services (-1.4%) and services provided to families (-0.1%).
Nominal revenue from services grew by 0.8% compared to September, 9.6% compared to October 2023, 7.8% year-to-date and 7.4% year-to-date.
The tourist activity index increased 4.7% in volume compared to September. This is the second positive result in a row and places the tourism segment 12.9% above the February 2020 level. It is also the highest point in the series, 4.4% above the previous record (June this year).
