Volume of Services shrinks 0.9% in November
January 15, 2025 09h00 AM | Last Updated: January 15, 2025 03h59 PM
In November 2024, the volume of services in Brazil fell by 0.9% compared to October, in the seasonally adjusted series. Thus, the services sector is 16.9% above the level of February 2020 (pre-pandemic) and 0.9% below October 2024 (peak of the time series)..
| Period | Change (%) | |
|---|---|---|
| Volume | Nominal Revenue | |
| November 24 / October 24* | -0.9 | 0.1 |
| November 24 / November 23 | 2.9 | 6.6 |
| Cumulative January-November | 3.2 | 7.7 |
| Cumulaive in the last 12 months | 2.9 | 7.4 |
| *seasonally-adjusted series | ||
Compared to November 2023, in the series without seasonal adjustment, the volume of services grew by 2.9%, the eighth consecutive positive result. The cumulative total for the year reached 3.2% compared to the same period of the previous year, while the cumulative total for the last twelve months reached 2.9%, its highest rate since November 2023 (3.5%).
| Monthly Services Survey - Service Volume Indicators. according to dissemination activities November 2024 - Change (%) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dissemination Activities | MoM (1) | Monthly (2) | Cumulative in the year (3) | Last 12 months (4) | ||||||||
| SEPT | OCT | NOV | SEPT | OCT | NOV | JAN-SEPT | JAN-OCT | JAN-NOV | Up to SEPT | Up to OCT | Up to NOV | |
| Volume of Services - Brazil | 0.9 | 1.4 | -0.9 | 3.9 | 6.4 | 2.9 | 2.9 | 3.2 | 3.2 | 2.3 | 2.8 | 2.9 |
| 1. Services rendered to families | 0.1 | 0.0 | 1.7 | 4.4 | 5.0 | 5.0 | 4.6 | 4.6 | 4.7 | 4.7 | 5.1 | 5.0 |
| 1.1 Lodging and food services | -1.4 | 1.4 | 2.5 | 3.5 | 5.0 | 6.9 | 4.6 | 4.6 | 4.8 | 5.0 | 5.3 | 5.3 |
| 1.1.1 Lodging | - | - | - | -0.8 | -0.9 | 5.1 | 1.5 | 1.3 | 1.6 | 2.8 | 2.2 | 2.2 |
| 1.1.2 Food | - | - | - | 4.7 | 6.7 | 7.3 | 5.4 | 5.6 | 5.7 | 5.3 | 5.9 | 6.0 |
| 1.2 Other services rendered to families | 15.7 | -15.5 | -6.0 | 8.7 | 5.2 | -6.1 | 4.8 | 4.9 | 3.8 | 3.1 | 4.0 | 3.3 |
| 2. Information and communication services | 0.9 | -0.9 | 1.0 | 9.3 | 6.9 | 6.6 | 6.3 | 6.4 | 6.4 | 5.1 | 5.7 | 6.1 |
| 2.1 Information and communication technology (ICT) services | 0.6 | 0.2 | 0.7 | 9.5 | 7.4 | 6.9 | 6.3 | 6.4 | 6.5 | 5.5 | 6.1 | 6.4 |
| 2.1.1 Telecomunications | 0.8 | 0.2 | 2.5 | 5.7 | 3.9 | 6.9 | 5.1 | 5.0 | 5.2 | 5.6 | 5.4 | 5.5 |
| 2.1.2 Information technology services | 1.1 | -1.1 | -0.5 | 13.7 | 11.1 | 7.0 | 7.7 | 8.0 | 7.9 | 5.4 | 6.9 | 7.5 |
| 2.2 Audiovisual services | 3.3 | -4.3 | -0.9 | 7.3 | 3.6 | 4.2 | 6.1 | 5.8 | 5.7 | 2.1 | 2.3 | 3.7 |
| 3. Professional, administrative and complementary services | 1.4 | 2.1 | -2.6 | 5.8 | 7.6 | 0.4 | 7.4 | 7.4 | 6.7 | 7.5 | 7.3 | 6.4 |
| 3.1 Technical-professional services | -0.1 | 4.3 | -5.1 | 10.7 | 14.1 | 2.5 | 18.7 | 18.2 | 16.5 | 17.6 | 17.1 | 15.5 |
| 3.2 Administrative and complementary services | 1.4 | -0.2 | -0.5 | 2.3 | 2.8 | -1.1 | 0.1 | 0.4 | 0.3 | 0.6 | 0.6 | 0.1 |
| 3.2.1 Non-real estate rentals | 0.5 | -0.2 | -4.1 | 2.7 | 0.1 | -4.1 | 2.8 | 2.5 | 1.9 | 5.6 | 4.0 | 2.5 |
| 3.2.2 Support services to business activities | 1.7 | -0.2 | 0.3 | 2.2 | 3.8 | -0.1 | -0.7 | -0.3 | -0.3 | -1.0 | -0.5 | -0.6 |
| 4. Transportation, support services to transportation and mailing | 0.9 | 4.4 | -2.7 | -0.9 | 6.9 | 2.7 | -2.2 | -1.3 | -1.0 | -2.6 | -1.9 | -1.4 |
| 4.1 Road transportation | 1.0 | 1.6 | -0.7 | -2.4 | 3.2 | -1.8 | -2.4 | -1.8 | -1.8 | -1.6 | -1.6 | -1.9 |
| 4.1.1 Cargo | - | - | - | -6.0 | -0.5 | -5.5 | -4.5 | -4.1 | -4.2 | -2.1 | -2.7 | -3.6 |
| 4.1.2 Passenger | - | - | - | 8.1 | 11.6 | 4.3 | 1.0 | 2.0 | 2.2 | -2.0 | -0.5 | 0.4 |
| 4.1.3 Other segments of land transport | - | - | - | -1.1 | 7.1 | 5.6 | 1.8 | 2.4 | 2.7 | 1.1 | 1.5 | 1.6 |
| 4.2 Waterway transportation | 1.2 | 0.7 | 0.2 | 2.9 | 7.4 | 6.8 | 3.0 | 3.5 | 3.8 | 2.3 | 3.0 | 3.8 |
| 4.3 Air tranportation | 2.1 | 28.6 | -13.7 | -0.7 | 34.4 | 32.8 | -3.7 | -0.3 | 2.0 | -5.0 | -3.2 | -0.1 |
| 4.4 Storage, support services to transportation and mailing | 0.9 | 2.5 | -0.2 | 1.8 | 6.9 | 4.2 | -2.4 | -1.5 | -1.0 | -4.8 | -3.2 | -1.7 |
| 5. Other services | -0.6 | -1.3 | 1.8 | 3.8 | 2.1 | -1.0 | 2.2 | 2.2 | 1.9 | 0.4 | 0.9 | 0.6 |
| 5.1 Sewage, waste management, material recovery and decontamination | - | - | - | 5.4 | 8.1 | -0.8 | 5.0 | 5.3 | 4.7 | 4.4 | 4.8 | 4.2 |
| 5.2 Auxiliary activities of financial services | - | - | - | 3.3 | 0.0 | -2.1 | 1.8 | 1.6 | 1.2 | -0.7 | -0.4 | -0.5 |
| 5.3 Real estate activities | - | - | - | 4.0 | 4.5 | 5.7 | 2.6 | 2.8 | 3.0 | 5.8 | 5.0 | 4.4 |
| 5.4 Other services not previously specified | - | - | - | 4.9 | 6.5 | -0.3 | 0.5 | 1.0 | 0.9 | -0.6 | 0.1 | 0.4 |
| Source: IBGE. Diretoria de Pesquisas. Coordenação de Estatísticas Conjunturais em Empresas, (1) Base: immediately previous month - with seasonal adjustment; (2) Base: same month of the previous year; (3) Base: same period of the previous year; (4) Base: 12 previous months, |
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The decline in the volume of services (-0.9%) from October to November 2024 was seen in only two of the five activities covered by the survey: transportation (-2.7%) and professional, administrative and complementary services (-2.6%), with both partially offsetting the gains accumulated in the previous two months: 5.3% and 3.5%, respectively. On the other hand, there were increases in information and communication (1.0%); other services (1.8%) and services rendered to families (1.7%), with the first sector recovering from the setback in October (-0.9%); the second practically recovering the loss recorded in the previous two months (-1.9%); and the last posting cumulative growth of 6.7% between May and November 2024.
Also in the seasonally adjusted series, the quarterly moving average of the volume of services was 0.5% in the quarter ending in November 2024 compared to the level of the previous month. Four of the five sectors surveyed showed growth: transportation (0.8%); services rendered to families (0.6%); information and communication (0.3%); and professional, administrative and complementary services (0.3%); while other services (0.0%) remained stable.
Compared to November 2023, the volume of the services sector grew 2.9% in November 2024, the eighth positive result in a row. This month's growth was seen in four of the five dissemination activities and by 56.0% of the 166 types of services surveyed.
The main positive impact came from the information and communication sector (6.6%), driven by increased revenue from telecommunications; software development and licensing; information technology consulting; and portals, content providers and other information services on the Internet.
The other increases came from transportation, support services to transportation and mail (2.7%); services rendered to families (5.0%); and professional, administrative and complementary services (0.4%), explained by the higher revenue from air transportation; subway transportation; cargo logistics; collective passenger road transportation under the cargo regime; and storage, in the first sector; restaurants; hotels; and theater and musical shows, in the second; and advertising space agencing; business intermediation in general through applications or e-commerce platforms; cleaning activities; surveillance and private security; and technical activities related to architecture and engineering, in the last.
The only negative influence came from other services (-1.0%), with the lowest revenue coming from auxiliary financial services; agricultural support activities; and collection of non-hazardous waste from domestic, urban and industrial sources.
In the year-to-date result, compared to the same period of the previous year, the services sector grew 3.2%, with positive rates in four of the five advertising activities and in 61.4% of the 166 types of services investigated. The most important positive contributions came from information and communication (6.4%) and professional, administrative and complementary services (6.7%), driven by the telecommunications segments; portals, content providers and other information services on the Internet; and software development and licensing, in the first sector, and advertising space agency; legal activities; and business intermediation through applications or e-commerce platforms, in the last.
The remaining advances came from services rendered to families (4.7%); and other services (1.9%), explained mainly by the increase in revenue from restaurants; catering services; theater and musical shows; and hotels, in the first activity; and from securities brokerages; collection of non-hazardous waste from domestic, urban or industrial sources; credit card administration; real estate activities; and insurance, supplementary pensions and health plans, in the second. On the other hand, transportation, support services to transportation, and mailing (-1.0%) exerted the only negative influence, pressured especially by lower revenue from road freight; port and terminal management; and mailing activities.
Volume of Services declines in 18 of the 27 FUs
Most (18) of the 27 Federation Units reported declines in the volume of services in November 2024, compared to October, in the seasonally adjusted series, in line with the decline observed in Brazil's result (-0.9%). The most significant negative impacts came from São Paulo (-0.9%) and Paraná (-2.9%), followed by Pernambuco (-3.7%), Rio Grande do Sul (-1.5%), Mato Grosso (-2.5%) and Bahia (-1.5%). On the other hand, Minas Gerais (0.9%) and Alagoas (4.2%) exerted the main positive contributions of the month.
Compared to November 2023, the expansion in the volume of services in Brazil (2.9%) was seen in 22 of the 27 Federation Units. The most important positive contribution was made by São Paulo (4.0%), followed by Rio de Janeiro (2.8%), Santa Catarina (7.6%) and the Federal District (7.3%). On the other hand, Rio Grande do Sul (-6.6%) led the month's losses, followed by Mato Grosso (-11.9%) and Mato Grosso do Sul (-7.3%).
In the year to date, compared to the same period of the previous year, the increase in the volume of services in Brazil (3.2%) was seen in 21 of the 27 Federation Units. The main positive impact came from São Paulo (4.8%), followed by Rio de Janeiro (3.8%), Santa Catarina (6.6%), Paraná (3.9%) and Minas Gerais (1.9%). The main negative influences came from Rio Grande do Sul (-7.2%) and Mato Grosso (-9.2%).
Tourism Activities decline 1.8% in November
In November 2024, the tourism activities index fell 1.8% compared to October, thus eliminating part of the 5.5% gain accumulated in the September-October period. As a result, the tourism segment is 11.1% above the level of February 2020 and 1.8% below October 2024, the highest point in the time series.
Eleven of the 17 locations surveyed followed the decline seen in national tourism activity (-1.8%). The most significant negative influence was in São Paulo (-2.6%), followed by Paraná (-2.3%), Pará (-6.9%) and Ceará (-3.7%). Conversely, Rio Grande do Sul (6.6%) led the gains in tourism, followed by Rio de Janeiro (0.8%) and Goiás (3.5%).
Compared to November 2023, the volume of tourism activities in Brazil grew 9.2%, the sixth positive result in a row, driven by the sectors of passenger air transportation; restaurants; hotels; travel agencies; reservation services related to accommodation; and theater and musical shows.
In this comparison, fifteen of the seventeen Federation Units where the indicator is investigated showed growth in tourism-related services, with a highlight to São Paulo (7.9%), followed by Rio de Janeiro (10.5%), Bahia (14.2%), Paraná (13.6%) and Santa Catarina (15.9%). The only negative impacts of the month came from Rio Grande do Sul (-0.7%) and Mato Grosso (-1.2%).
In the year-to-date, the special aggregate of tourism activities grew 2.9% compared to the same period of the previous year, driven mainly by the sectors of restaurants; air passenger transportation; catering services; reservation services related to accommodations; theater and musical shows; and travel agencies.
Eleven of the seventeen locations investigated also recorded positive rates, with São Paulo (2.9%) and Rio de Janeiro (5.9%) standing out, followed by Bahia (7.9%), Minas Gerais (4.4%), Paraná (6.9%) and Santa Catarina (9.5%). On the other hand, Rio Grande do Sul (-15.2%) recorded the most significant negative impact in the year to date, followed by Mato Grosso (-13.8%), Amazonas (-4.5%), Federal District (-1.8%) and Espírito Santo (-3.5%).
Passenger transportation falls 3.4% and cargo transportation falls 1.4%
In November 2024, the volume of passenger transportation in Brazil recorded a 3.4% decline compared to the previous month, in the series free of seasonal influences, after having increased 12.2% in the September-October period. Thus, the segment is, in this reference month, 7.9% above the level of February 2020 (pre-pandemic) and 16.6% below February 2014 (the highest point in the time series).
In turn, the volume of cargo transportation fell by 1.4% in November 2024, after having recorded a cumulative growth of 2.7% between August and October. Thus, the segment is 6.6% below the highest point in its series (July 2023). In relation to the pre-pandemic level, cargo transportation is 34.2% above February 2020.
Compared to November 2023, in the series without seasonal adjustment, passenger transportation grew by 16.0% in November 2024, the third positive result in a row; while cargo transportation fell by 3.4% in the same comparison, after having increased by 1.6% in October.
In the year-to-date result, passenger transportation grew by 2.1% compared to the same period in 2023, while cargo transportation fell by 2.3% in the same period investigated.
