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Services advance 0.9% In September and reach highest level in the time series

Section: Economic Statistics | Carmen Nery

November 11, 2022 09h00 AM | Last Updated: November 12, 2022 03h15 AM

Information and communication services accounted for main contributions to current peak in time series - Photo: Pixabay

Volume of services increased 0.9% from August to September, fifth positive result in a row, with cumulative increase of 4.9%. As a result, the sector not only increased its distance from the pre-pandemic level, since it is now 11.8% above the figure in February 2020, but also reached the highest level in the time series initiated 2011, having surpassed November 2014. Against September 2021, volume of services advanced 9.7%, nonth positive rate in a row.

These are data from the Monthly Survey of Services - PMS, released today (11) by the IBGE.

Volume of services had a cumulative increase of 8.6% in the year against the same period in 2021. With a change from 9.0% in August to 8.9% in September, the cumulative index in the last 12 months kept the downward trend observed since April 202 (12.8%).

The hike of 0.9% in volume of services from August to September 2022 was also observed in other three of the five activities surveyed. The highlight was information and communication (2.0%), which recorded the third consecutive positive result, and a cumulative increase of 4.1%. Services rendered to families (1.0%) and professional, administrative and complementary services (0.2%) also recorded increases. The former had its seventh increase in a row, with a cumulative 11.7%; the latter had a more moderate behavior, with an aggregate of 0.3% in the last two months.

Services grew in 19 of 27 Federation Units

In regional terms, 19 out of the 27 Federation Units expanded their volume of services in September 2022 compared with the immediately previous month, following the advance of the national sector. The main impacts came from Rio de Janeiro (0.7%), Santa Catarina (2.6%), Rio Grande do Sul (1.0%) and São Paulo (0.1%). On the other hand, Paraná (-2.3%) accounted for the main negative contribution (-3.0%), followed by Pernambuco (-1.6%) and Minas Gerais (-0.2%).

Against September 2021, the sector advanced 9.7%

In September 2022, the sector of services increased by 9.7% from September 2021, 19th positive rate in a row. All the five activities advanced, as well as 63.3% of the 166 types of services investigated. Among the sectors, transportation, support services to transportation and mailing (15.3%) accounted for the main positive contribution on the total volume of services. The other advances came from nformation and communication (6.0%); professional, administrative and complementary services (6.9%), services rendered to families (17.8%) and other services (2.6%).

Tourism activity index increases by 0.4% in September and reaches only five of the 12 areas

The tourism activity index increased 0.4% from August, third positive result in a row, a period when there was cumulative increase of 3.2%. As a result, the segment is 0.7% above the level of February 2020 and 6.7% below the highest figure in the series, of February 2014.

Only five of the 12 areas surveyed recorded increases as observed in the national tourism activity (0.4%). The positive highlight was Rio de Janeiro (2.6%), followed by São Paulo (0,7%), Federal District (3.4%) and Pernambuco (1.6%). On the other hand, Minas Gerais (-1.5%) and Rio Grande do Sul (-3.2%) recorded the main decreases.

Passenger transportation records increase of 1.6%, and that of cargo, of 0.5%.

The volume of passenger transportation in Brazil increased by 1.6% from August to September in the series without seasonal adjustments, after a decrease of 0.5% in August. The segment is 1.6% above the pre-pandemic level (February 2020) and 21.0% below the peak of the time series (February 2014).

Volume of cargo transportation recorded a negative change of 0.5% in September 2022, after an increase of 22.5% bewteen September 2021 and August 2022. The segment is 0.5% below the peak of the time series, observed in the previous month. In comparison with the pre-pandemic level, cargo transportation is 33.7% above that of February 2020.

More about the survey

The Monthly Survey of Services produces indicators to monitor the short-term behavior of the services sector in Brazil. The survey investigates the gross revenue of services in formal enterprises, employing 20 or more persons, in which the main activity is a non-financial service, except for the areas of health and education. It produces results for Brazil and all the Federation Units. Results are available at Sidra

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