Volume of Services grows 1.1% in October
December 11, 2024 09h00 AM | Last Updated: December 12, 2024 10h51 AM
In the seasonally-adjusted series, volume of services in Brazil increased 1.1% in October 2024 against September. With this result, the services sector renewed the peak of the time series and it was 17.8% above the pre-pandemic level (February 2020).
| Period | Change (%) | |
|---|---|---|
| Volume | Nominal Revenue | |
| October 24 / September 24* | 1.1 | 0.8 |
| October 24 / October 23 | 6.3 | 9.6 |
| Cumulative January-October | 3.2 | 7.8 |
| Cumulative in the lasr 12 months | 2.7 | 7.4 |
| *seasonally-adjusted series | ||
In the seasonally-unadjusted series, volume of services grew 6.3% compared with October 2023, the seventh consecutive positive figure in this comparison. The cumulative index in the year reached 3.2% over the same period in 2023 and the cumulative rate in 12 months hit 2.7%, the highest rate since February 2024 (2.8%).
| Monthly Survey of Services - Volume of Services, according to the dissemination activities - October 2024 - Change (%) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dissemination Activities | Month/Previous month (1) | Monthly (2) | Cumulative in the year (3) | Last 12 months (4) | ||||||||
| AUG | SEP | OCT | AUG | SEP | OCT | JAN-AUG | JAN-SEP | JAN-OCT | Up to AUG | Up to SEP | Up to OCT | |
| Volume of services - Brazil | -0.3 | 1.0 | 1.1 | 1.8 | 3.8 | 6.3 | 2.7 | 2.8 | 3.2 | 1.9 | 2.3 | 2.7 |
| 1. Services rendered to families | 0.8 | 0.2 | -0.1 | 7.2 | 4.4 | 5.0 | 4.6 | 4.6 | 4.6 | 4.6 | 4.7 | 5.1 |
| 1.1 Lodging and food services | 0.7 | -1.4 | 1.3 | 7.6 | 3.5 | 5.0 | 4.7 | 4.6 | 4.6 | 4.8 | 5.0 | 5.3 |
| 1.1.1 Lodging | - | - | - | 1.9 | -0.8 | -1.0 | 1.8 | 1.5 | 1.2 | 3.4 | 2.8 | 2.2 |
| 1.1.2 Feeding | - | - | - | 9.1 | 4.7 | 6.7 | 5.5 | 5.4 | 5.6 | 4.8 | 5.3 | 5.9 |
| 1.2 Other services rendered to families | 1.3 | 15.6 | -15.0 | 5.2 | 8.7 | 5.3 | 4.3 | 4.8 | 4.9 | 3.7 | 3.1 | 4.0 |
| 2. Information and communication services | -1.2 | 0.9 | -1.0 | 6.9 | 9.1 | 6.7 | 5.8 | 6.1 | 6.2 | 4.2 | 4.9 | 5.5 |
| 2.1 Information and communication technology services (ICT) | -0.9 | 0.6 | 0.0 | 7.8 | 9.5 | 7.3 | 5.9 | 6.3 | 6.4 | 4.6 | 5.5 | 6.1 |
| 2.1.1 Telecommunications | -0.7 | 0.6 | 0.1 | 5.3 | 5.7 | 3.9 | 5.0 | 5.1 | 5.0 | 5.1 | 5.6 | 5.4 |
| 2.1.2 Information technology services | 0.9 | 1.2 | -1.0 | 10.5 | 13.7 | 11.1 | 6.9 | 7.7 | 8.0 | 4.1 | 5.4 | 6.9 |
| 2.2 Audiovisual services | -8.4 | 3.4 | -4.5 | 0.1 | 5.6 | 1.7 | 4.3 | 4.5 | 4.2 | 0.7 | 0.7 | 0.8 |
| 3. Professional, administrative and complementary services | -0.1 | 1.4 | 1.6 | 1.8 | 5.7 | 7.4 | 7.6 | 7.4 | 7.4 | 7.5 | 7.5 | 7.3 |
| 3.1 Technical-professional services | -1.3 | 0.0 | 3.8 | 4.0 | 10.7 | 13.8 | 19.9 | 18.7 | 18.2 | 17.5 | 17.6 | 17.1 |
| 3.2 Administrative and complementary services | 0.7 | 1.4 | -0.2 | 0.2 | 2.2 | 2.6 | -0.1 | 0.1 | 0.4 | 0.6 | 0.6 | 0.6 |
| 3.2.1 Non-real estate rentals | 1.5 | 0.6 | 0.0 | 3.1 | 2.7 | 0.1 | 2.8 | 2.8 | 2.5 | 6.7 | 5.6 | 4.0 |
| 3.2.2 Support services to business activities | 0.4 | 1.6 | -0.3 | -0.8 | 2.1 | 3.6 | -1.1 | -0.7 | -0.3 | -1.2 | -1.0 | -0.5 |
| 4. Transportation, support activities for transportation and mailing | -0.1 | 0.9 | 4.1 | -2.8 | -0.9 | 6.8 | -2.4 | -2.2 | -1.3 | -2.6 | -2.6 | -1.9 |
| 4.1 Land transportation | 0.6 | 1.0 | 1.6 | -5.0 | -2.4 | 3.0 | -2.4 | -2.4 | -1.9 | -1.2 | -1.6 | -1.6 |
| 4.1.1 Road cargo transportation | - | - | - | -8.0 | -6.0 | -0.4 | -4.3 | -4.5 | -4.1 | -1.2 | -2.1 | -2.7 |
| 4.1.2 Road mass transportation | - | - | - | 1.4 | 8.1 | 11.4 | 0.1 | 1.0 | 2.0 | -3.5 | -2.0 | -0.5 |
| 4.1.3 Other segments of road transportation | - | - | - | -0.1 | -1.1 | 6.0 | 2.2 | 1.8 | 2.3 | 2.0 | 1.1 | 1.5 |
| 4.2 Water transportation | -2.2 | 1.2 | 0.7 | 4.5 | 2.9 | 7.5 | 3.0 | 3.0 | 3.5 | 2.5 | 2.3 | 3.1 |
| 4.3 Air transportation | -3.3 | 2.1 | 27.1 | -4.6 | -0.7 | 34.4 | -4.1 | -3.7 | -0.3 | -4.7 | -5.0 | -3.2 |
| 4.4 Storage services, support activities for transportation and mailing activities | -1.4 | 0.8 | 2.6 | 1.6 | 1.8 | 7.0 | -2.9 | -2.4 | -1.4 | -6.1 | -4.8 | -3.2 |
| 5. Other services | 0.9 | 0.0 | -1.4 | 3.2 | 3.8 | 2.3 | 2.0 | 2.2 | 2.2 | -0.3 | 0.4 | 0.9 |
| 5.1 Sewage, waste management, material recovery and decontamination | - | - | - | 10.8 | 5.4 | 7.6 | 4.9 | 5.0 | 5.2 | 4.0 | 4.4 | 4.7 |
| 5.2 Support activities of the financial services | - | - | - | 2.5 | 3.3 | 0.5 | 1.6 | 1.8 | 1.6 | -1.4 | -0.7 | -0.3 |
| 5.3 Real estate activities | - | - | - | 2.4 | 4.0 | 4.4 | 2.4 | 2.6 | 2.7 | 5.9 | 5.8 | 5.0 |
| 5.4 Other services not previously specified | - | - | - | -4.1 | 4.9 | 5.9 | 0.0 | 0.5 | 1.0 | -0.6 | -0.6 | 0.1 |
| Source: IBGE, Directorate of Surveys, Coordination of Short-Term Statistics in Enterprises (1) Base: immediately previous month - seasonally-adjusted; (2) Base: same month in the previous year; (3) Base: same period in the previous year; (4) Base: 12 previous months. | ||||||||||||
Between September and October 2024, the growth in volume of services (1.1%) was followed by two out of five activities investigated, highlighted by the transportation sector (4.1%), which expanded in all the modes: road (1.6%), water (0.7%), air (27.1%) and storage, support activities to transportation and mailing (2.6%). The other expansion came from professional, administrative and complementary services (1.6%), the second consecutive positive figure, with a cumulative gain of 3.0%.
On the other hand, information and communication (-1.0%), other services (-1.4%) and services rendered to families (-0.1%) dropped in October.
The quarterly moving average for volume of services was 0.6% in the quarter ended in October 2024 against the level of the previous month. Still in the seasonally-adjusted series, three out of five sectors investigated rose: transportation (1.6%), professional, administrative and complementary services (1.0%) and services rendered to families (0.3%). In contrast, information and communication (-0.4%) and other services (-0.2%) recorded retractions this month.
The volume of the services sector grew 6.3% in relation to October 2023, the seventh positive figure in a row. The advance this month was followed by all the five dissemination activities and also counted with the growth of 63.9% of the 166 types of services investigated. Among the sectors, that of transportation, support services to transportation and mailing (6.8%) exerted the major positive impact, mainly leveraged by the increase in the revenue in air transportation, mass road transportation, management of ports and terminals, storage and railway transportation of cargo.
The other advances came from professional, administrative and complementary services (7.4%), information and communication (6.7%), services rendered to families (5.0%) and other services (2.3%), explained, to a great extent, by the higher revenue coming from legal activities, agencying of advertisement, business intermediation in general through applications or platforms of e-commerce, and organization, promotion and management of fairs, congresses, conventions in the first sector; of telecommunications, portals, content providers and other information services on the Internet, software licensing and development, on-demand development of computer programs, and technical support, maintenance and other services in information technology in the second sector; of restaurants, catering services, theater and musical shows in the third sector; and of securities brokerages, collection of non-hazardous residues of domestic, urban and industrial origin, real estate activities, and maintenance and repair of motor vehicles in the last one.
Compared with the same period in 2023, the services sector grew 3.2% in the cumulative index in the year, with a rise in four out of five dissemination activities and in 62.0% of the 166 types of services investigated. The most important positive contributions came from the sectors of professional, administrative and complementary services (7.4%) and information and communication services (6.2%), leveraged by the increase in the revenue in the segments of agencying of advertisement, legal activities, and business intermediation in general through applications or platforms of e-commerce in the former sector; and of telecommunications, portals, content providers and other information services on the Internet, and software licensing and development in the latter.
The other advances came from services rendered to families (4.6%) and other services (2.2%), mainly explained by the increase in the revenue of restaurants, catering services, theater and musical shows, and hotels in the former activity; and of securities brokerages, collection of non-hazardous residues of domestic, urban or industrial origin, credit card administration, real estate activities, and insurance, complementary social security and health plans in the latter. The only negative influence came from transportation, support services to transportation and mailing (-1.3%), pressed by a lower revenue coming from road transportation of cargo, management of ports and terminals, and air transportation.
In both comparisons, services grow in 22 out of 27 FUs
In the seasonally adjusted series, volume of services grew in 22 out of 27 Federation Units in October 2024 over the immediately previous month, following the advance registered for Brazil (1.1%). The most important positive impacts came from São Paulo (1.2%), Rio Grande do Sul (5.1%) and Paraná (2.1%), followed by Bahia (3.5%), Pernambuco (4.3%) and Santa Catarina (1.9%). On the other hand, Rio de Janeiro (-1.8%) exerted the major negative influence this month, followed by Amazonas (-4.2%) and Piauí (-3.5%).
Compared with the same month last year, the expansion in volume of services in Brazil (6.3%) was followed by 22 out of 27 Federation Units. The most important positive contribution came from São Paulo (8.6%), followed by Paraná (9.3%), Santa Catarina (12.7%) and Rio de Janeiro (2.5%). Conversely, Rio Grande do Sul (-3.8%) led the losses this month, followed by Mato Grosso (-2.9%) and Mato Grosso do Sul (-4.1%).
As for the cumulative index in the year, against the same period a year ago, the advance in volume of services in Brazil (3.2%) was widespread over the places surveyed, since 20 out of 27 Federation Units also recorded increases in real services revenue. The major positive impact in regional terms occurred in São Paulo (4.9%), followed by Rio de Janeiro (3.5%), Santa Catarina (6.5%), Paraná (4.1%) and Minas Gerais (1.9%). On the other hand, Rio Grande do Sul (-7.3%) and Mato Grosso (-9.0%) recorded the most important negative influences on the national index.
Tourism activities grow 4.7% over September
The index of tourism activities grew 4.7% in October 2024 over September, the second consecutive positive figure, with a cumulative gain of 5.2%. As a result, the segment of tourism was 12.9% above the level of February 2020 and renewed the peak in the time series, surpassing by 4.4% the month of June 2024, the old peak.
In regional terms, 16 out of 17 places surveyed followed the expansion in the national tourism activity (4.7%). The most relevant positive contribution came from São Paulo (8.5%), followed by Pernambuco (8.7%), Bahia (4.8%), Ceará (10.8%) and the Federal District (6.6%). Only Rio de Janeiro (-6.5%) retreated in the tourism activities.
In the October 2024 / October 2023 comparison, volume of tourism activities in Brazil grew 8.5%, the fifth consecutive positive figure, mainly leveraged by the sectors of air transportation of passengers, restaurants, catering services, theater and musical shows, and travel agencies. Tourism services advanced in 14 out of 17 Federation Units in which the indicator is investigated, highlighted by São Paulo (9.6%), followed by Rio de Janeiro (9.0%), Santa Catarina (19.0%), Paraná (12.7%) and Bahia (8.3%). The major negative impact this month came from Rio Grande do Sul (-12.9%), with Mato Grosso (-5.3%) and Alagoas (-0.6%) coming next.
In the cumulative indicator in the year, the special aggregate of tourism activities grew 2.3% over the same period last year, leveraged, above all, by the sectors of restaurants, air transportation of passengers, catering services, services of reservation related to accommodation, and theater and musical shows.
In regional terms, nine out of 17 places surveyed also reported positive rates, highlighted by São Paulo (2.4%) and Rio de Janeiro (5.5%), followed by Minas Gerais (4.4%), Bahia (7.3%) and Santa Catarina (8.9%). Conversely, Rio Grande do Sul (-16.6%) registered the most important negative impact on the cumulative index in the year in tourism, followed by Mato Grosso (-14.9%), Federal District (-2.8%), Amazonas (-5.9%) and Espírito Santo (-4.5%).
Passenger (8.7%) and cargo transportation (1.5%) grow in October
In the seasonally-adjusted series, volume of passenger transportation in Brazil expanded 8.7% in October 2024 over the immediately previous month, the second consecutive positive figure, a period in which it accumulated a gain of 11.2%. This way, the segment was 10.9% above the level in February 2020 (pre-pandemic), and 14.4% below that of February 2014 (peak of the time series).
In its turn, volume of cargo transportation grew 1.5% in October 2024, the third consecutive advance, with a cumulative gain of 2.2%. As a result, the segment was 5.6% below the peak of the time series (July 2023). Concerning the pre-pandemic level, cargo transportation was 35.8% above that of February 2020.
In the seasonally-unadjusted series, passenger transportation grew 19.4% in October 2024 over October 2023, the highest figure since September 2022 (22.8%). Cargo transportation advanced 1.5%, interrupting a sequence of five negative rates.
In terms of the cumulative index in the year, transportation of passengers increased 0.8% against the same period in 2023, whereas cargo transportation retreated 2.2% in the same period.
