Volume of services grows 0.8% in February
April 10, 2025 09h00 AM | Last Updated: April 10, 2025 05h36 PM
In February 2025, the volume of services in Brazil grew 0.8% compared to the previous month, in the seasonally adjusted series. As a result, the sector is 16.2% above the pre-pandemic level (February 2020) and 1.0% below the highest point in the time series (October 2024).
| Indicators of the Monthly Survey of Services Brazil - February 2025 | ||
|---|---|---|
| Period | Change (%) | |
| Volume | Nominal Revenue | |
| February 25 / January 25* | 0.8 | 1.3 |
| February 25 / February 24 | 4.2 | 8.9 |
| Cumulative January-February | 2.6 | 7.6 |
| Cumulative in the last 12 months | 2.8 | 7.3 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Estatísticas Conjunturais em Empresas *seasonally adjusted series | ||
In the non-adjusted series, compared to February 2024, the volume of services increased by 4.2%, its 11th consecutive positive rate. The cumulative total for the year was 2.6% and the cumulative total for 12 months in February 2025 (2.8%) repeated the growth rate seen in the previous month (2.8%).
The 0.8% expansion in the volume of services in February 2025, in the seasonally adjusted series, was followed by four of the five activities investigated, with a highlight to the information and communication sector (1.8%), which recorded the fourth positive result in a row, with an cumulative gain of 4.0%. The other advances were in professional, administrative and complementary services (1.1%), other services (2.2%) and those rendered to families (0.5%), with the first sector recovering part of the loss seen in the previous three months (-3.8%), the second posting cumulative growth of 5.0% in the first two months of the year, and the last recovering a small portion of the setback seen in January (-3.3%).
| Monthly Survey of Services - Indicators of the Volume of Services. according to dissemination activities February 2025 - Change (%) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dissemination Activities | MoM (1) | Monthly (2) | Cumulative in the year (3) | Last 12 months (4) | ||||||||
| DEC | JAN | FEB | DEC | JAN | FEB | JAN-DEC | JAN-JAN | JAN-FEB | Up to DEC | Up to JAN | Up to FEB | |
| Volume of Services - Brazil | 0.1 | -0.6 | 0.8 | 2.8 | 1.1 | 4.2 | 3.1 | 1.1 | 2.6 | 3.1 | 2.8 | 2.8 |
| 1. Services rendered to families | 2.0 | -3.3 | 0.5 | 2.4 | 1.1 | 0.1 | 4.5 | 1.1 | 0.6 | 4.5 | 4.2 | 3.8 |
| 1.1 Lodging and food services | 2.2 | -3.9 | -0.1 | 2.9 | 2.0 | 0.4 | 4.6 | 2.0 | 1.2 | 4.6 | 4.5 | 4.1 |
| 1.1.1 Lodging | - | - | - | 1.0 | -1.9 | -5.7 | 1.5 | -1.9 | -3.5 | 1.5 | 1.8 | 1.4 |
| 1.1.2 Food | - | - | - | 3.4 | 3.4 | 2.2 | 5.5 | 3.4 | 2.9 | 5.5 | 5.3 | 4.9 |
| 1.2 Other services rendered to families | 3.4 | 0.4 | 1.3 | -1.4 | -4.0 | -1.4 | 3.4 | -4.0 | -2.8 | 3.4 | 2.6 | 1.8 |
| 2. Information and communication services | 0.3 | 1.6 | 1.8 | 5.5 | 6.0 | 9.8 | 6.2 | 6.0 | 7.9 | 6.2 | 6.2 | 6.6 |
| 2.1 ITC services | 0.2 | 1.6 | 3.3 | 5.4 | 7.0 | 10.6 | 6.3 | 7.0 | 8.8 | 6.3 | 6.4 | 6.9 |
| 2.1.1 Telecommunications | 0.0 | -0.4 | 1.2 | 3.5 | 2.7 | 4.1 | 4.8 | 2.7 | 3.4 | 4.8 | 4.6 | 4.6 |
| 2.1.2 IT Services | -2.9 | 7.3 | 5.9 | 7.2 | 11.8 | 18.1 | 7.9 | 11.8 | 14.9 | 7.9 | 8.3 | 9.4 |
| 2.2 Audiovisual services | 0.3 | 6.0 | 0.4 | 6.1 | -1.4 | 4.0 | 5.7 | -1.4 | 1.2 | 5.7 | 4.5 | 4.1 |
| 3. Professional, adminstrative and complementary services | -0.6 | -0.9 | 1.1 | 2.9 | 0.3 | 4.3 | 6.6 | 0.3 | 2.2 | 6.6 | 5.7 | 5.3 |
| 3.1 Technical-professional services | -6.6 | 5.3 | 1.5 | 6.6 | -0.9 | 3.6 | 15.8 | -0.9 | 1.3 | 15.8 | 13.6 | 11.9 |
| 3.2 Adminstrative and complementary services | -0.8 | 0.9 | 0.4 | 0.1 | 1.1 | 4.8 | 0.4 | 1.1 | 2.9 | 0.4 | 0.3 | 0.7 |
| 3.2.1 Non-real estate rentals | 0.5 | -1.3 | -1.0 | -3.1 | -6.1 | 3.3 | 2.0 | -6.1 | -1.7 | 2.0 | 0.6 | 0.7 |
| 3.2.2 Business support services | -1.8 | 2.2 | 0.1 | 1.2 | 3.7 | 5.3 | -0.1 | 3.7 | 4.5 | -0.1 | 0.2 | 0.7 |
| 4. Transportation, support activities for transportation and mailing | 0.4 | -1.8 | -0.1 | 3.4 | -0.6 | 2.4 | -0.7 | -0.6 | 0.9 | -0.7 | -0.9 | -0.6 |
| 4.1 Land transportation | -1.0 | -0.5 | 0.4 | -2.0 | -4.9 | -1.7 | -2.0 | -4.9 | -3.3 | -2.0 | -2.7 | -2.9 |
| 4.1.1 Road - cargo | - | - | - | -8.4 | -5.9 | -0.8 | -4.6 | -5.9 | -3.4 | -4.6 | -5.7 | -5.9 |
| 4.1.2 Road - passenger | - | - | - | 1.1 | -4.6 | -3.5 | 1.9 | -4.6 | -4.1 | 1.9 | 1.8 | 1.8 |
| 4.1.3 Other segments of land transportation | - | - | - | 20.4 | -0.8 | -2.8 | 3.5 | -0.8 | -1.8 | 3.5 | 3.6 | 3.2 |
| 4.2 Waterway transportation | 0.8 | -1.5 | 3.3 | 4.4 | -0.4 | 4.8 | 3.9 | -0.4 | 2.2 | 3.9 | 3.4 | 3.1 |
| 4.3 Air transportation | 3.3 | -9.9 | 3.0 | 50.2 | 10.9 | 28.8 | 5.2 | 10.9 | 19.0 | 5.2 | 7.0 | 9.9 |
| 4.4 Storage, support services for transportation and mailing | 0.8 | 0.7 | -2.7 | 3.1 | 5.2 | 3.5 | -0.7 | 5.2 | 4.3 | -0.7 | -0.2 | 0.4 |
| 5. Other services | -4.8 | 2.8 | 2.2 | -5.8 | -3.1 | 0.4 | 0.4 | -3.1 | -1.4 | 0.4 | 0.0 | -0.3 |
| 5.1 Sewage, waste management, material recovery and decontamination | - | - | - | 2.8 | 3.5 | 4.8 | 4.6 | 3.5 | 4.2 | 4.6 | 4.7 | 5.0 |
| 5.2 Support activities for financial services | - | - | - | -8.0 | -4.4 | 0.0 | -0.8 | -4.4 | -2.2 | -0.8 | -1.3 | -1.6 |
| 5.3 Real state activities | - | - | - | -1.6 | 1.4 | 1.1 | 2.6 | 1.4 | 1.2 | 2.6 | 2.4 | 1.9 |
| 5.4 Other services not previously specified | - | - | - | -7.2 | -9.5 | -5.3 | 0.3 | -9.5 | -7.5 | 0.3 | -0.6 | -1.4 |
| Source: IBGE. Diretoria de Pesquisas. Coordenação de Estatísticas Conjunturais em Empresas (1) Base: preceding month - seasonally-adjusted (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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Conversely, transportation (-0.1%) showed the only negative rate in February 2025, after having fallen 1.8% in January.
The quarterly moving average was 0.1% in the quarter ended in February 2025, compared to the previous month. Among the sectors, in the seasonally adjusted series, the slightly positive behavior of the services sector was sustained by only one activity: information and communication (1.2%). Three other sectors showed a decline: transportation (-0.5%), services rendered to families (-0.3%) and professional, administrative and complementary services (-0.1%). On the other hand, other services (0.0%) remained stable.
Compared to February 2024, the volume of services increased by 4.2%, its eleventh positive rate in a row. This month's result was followed by all five activities and also included growth in 63.3% of the 166 types of services investigated.
Among the sectors, information and communication (9.8%) had the main positive impact, driven mainly by increased revenue from portals, content providers and other information services on the internet; software development and licensing; telecommunications; information technology consulting; and data processing, application service providers and internet hosting services.
The other increases came from professional, administrative and complementary services (4.3%), transportation, support services for transportation and mailing (2.4%), other services (0.4%) and services rendered to families (0.1%), explained, to a large extent, by higher revenue from business intermediation in general through applications or e-commerce platforms; business management consulting; general cleaning; and engineering services, in the first sector; air passenger transportation; port and terminal management; inland cargo navigation; and cargo logistics, in the second; securities brokerages; collection of non-hazardous waste from domestic, urban and industrial sources; and administration of exchanges and organized over-the-counter markets, in the third; and restaurants and catering services, in the last one.
The cumulative index for the year, compared to the same period of the previous year, was 2.6%, with four of the five activities recording positive rates and growth in 59.0% of the 166 types of services investigated. Among the sectors, the most important positive contribution was from the information and communication sector (7.9%), driven largely by the increase in revenues of companies operating in the segments of portals, content providers and other information services on the internet; telecommunications; software development and licensing; development of computer programs on demand; and information technology consulting.
The other advances came from professional, administrative and complementary services (2.2%), transportation, support services for transportation and mailing (0.9%) and services rendered to families (0.6%), explained mainly by the increase in revenues of companies of business intermediation in general through applications or e-commerce platforms; organization, promotion and management of fairs, congresses, conventions; engineering services; general cleaning; and business management consultancy, in the first sector; air passenger transportation; port and terminal management; and cargo logistics, in the second; and restaurants, in the last.
On the other hand, other services (-1.4%) exerted the only negative influence, pressured, to a large extent, by the lower revenue from support activities for financial services; fund management by contract or commission; repair and maintenance of computers and peripheral equipment; and credit card management.
Services grow in 21 of the 27 Federation Units in February
Regionally, most (21) of the 27 Federation Units reported an expansion in the volume of services in February 2025, compared to the previous month, in line with the increase observed in Brazil's result (0.8%).
The greatest positive impacts came from São Paulo (0.8%) and Mato Grosso (24.9%), followed by the Federal District (9.2%), Amazonas (14.2%) and Santa Catarina (2.1%). The main negative influences came from Rio de Janeiro (-0.9%), Minas Gerais (-0.6%) and Espírito Santo (-1.8%).
Compared to February 2024, the increase in the volume of services in Brazil (4.2%) was followed by 23 of the 27 Federation Units. The main positive contribution was from São Paulo (5.7%), followed by Rio de Janeiro (5.5%), Federal District (9.0%), Mato Grosso (10.9%) and Paraná (3.7%). As opposed to Rio Grande do Sul (-14.0%), which led the losses of the month.
In the cumulative total of the first two months of 2025, compared to the same period in 2024, the increase in the volume of services in Brazil (2.6%) occurred in 19 of the 27 Federation Units. The main positive impact came from São Paulo (4.4%), followed by Rio de Janeiro (4.5%), Santa Catarina (4.5%) and Minas Gerais (1.5%). Negative influences came from Rio Grande do Sul (-11.0%) and Mato Grosso (-6.4%).
Tourism activities grow 2.9% in February
In February 2025, the tourism activity index grew 2.9% compared to the previous month, after having fallen 6.1% in January. As a result, the tourism segment is 9.7% above the level of February 2020 and 3.4% below the peak of its time series, reached in December 2024.
Ten of the 17 locations surveyed followed this expansion movement seen in national tourism activity (2.9%). The most relevant positive contribution was from Rio de Janeiro (3.1%), followed by Paraná (6.5%), Minas Gerais (1.7%) and Espírito Santo (5.8%). On the other hand, São Paulo (-0.9%), Bahia (-3.2%) and Goiás (-5.2%) showed the main losses in tourism.
In the comparison between February 2025 and February 2024, the index of volume of tourism activities in Brazil showed an expansion of 7.3%, the ninth positive result in a row, driven mainly by the increase in revenue of companies operating in the sectors of air passenger transportation; travel agencies; and car rental.
Fourteen of the 17 Federation Units where the indicator is investigated showed an increase in services aimed at tourism, with a highlight to São Paulo (8.6%), followed by Rio de Janeiro (11.6%), Santa Catarina (13.7%), Paraná (9.9%) and Minas Gerais (3.7%). On the other hand, Rio Grande do Sul (-4.0%), Alagoas (-6.0%) and Mato Grosso (-4.4%) exerted the main negative impacts of the month.
In the first two months of 2025, the special aggregate of tourism activities increased by 5.3% compared to the same period in 2024, driven mainly by the increase in revenue obtained by companies in the sectors of air transportation of passangers; restaurants; and reservation services related to lodging. Thirteen of the 17 locations investigated also recorded positive rates, with gains coming from São Paulo (6.1%) and Rio de Janeiro (9.0%), followed by Santa Catarina (11.4%), Bahia (6.4%) and Paraná (5.9%). On the other hand, Rio Grande do Sul (-5.1%) led the losses in tourism, followed by Mato Grosso (-8.4%) and Alagoas (-4.3%).
Passenger (0.8%) and cargo (1.2%) transportation show growth
In February 2025, the volume of passenger transportation in Brazil registered an increase of 0.8% compared to the previous month, in the seasonally adjusted series, after having fallen 5.8% last January. Thus, the segment is, in this reference month, 0.6% below the level of February 2020 (pre-pandemic) and 23.7% below February 2014, the highest point in the time series.
In turn, the volume of cargo transportation increased by 1.2% in February 2025, recovering part of the 3.2% loss recorded between November 2024 and January 2025. Thus, the segment is 7.7% below the highest point in its series, reached in July 2023. In relation to the pre-pandemic level, cargo transportation is 33.9% above February 2020.
Compared to February 2024, passenger transportation had its sixth consecutive positive rate (7.8%) and cargo transportation fell by 0.5%, the fourth consecutive drop.
In the cumulative total for the first two months of 2025, passenger transportation grew by 4.5% compared to the same period in 2024, while cargo transportation fell by 2.6% in the same period.
IBGE updates seasonal adjustment methods for short-term surveys
The Brazilian Institute of Geography and Statistics (IBGE) will update the parameters of the seasonal adjustment methods for the Monthly Survey of Industry: Physical Production (PIM-PF) Brazil, Monthly Survey of Industry: Regional Physical Production (PIM-PF), Monthly Survey of Trade (PMC) and Monthly Survey of Services (PMS).
This is a routine procedure, last performed in April 2022, with the aim of incorporating the available data from the most recent periods. The statistical modeling applied makes it possible to remove seasonal and calendar effects from the time series of these surveys, which does not imply any change in the original data.
The full technical and methodological notes for each survey can be accessed here. For more information on Seasonal Adjustment of Time Series, click here. The results of the update of the seasonal adjustment methods will be made available on the date each survey is released: Monthly Survey of Industry (PIM) Brazil - April 2, at 9 am; Regional Monthly Survey of Industry (PIM) - April 8, at 9 am; Monthly Survey of Trade (PMC) - April 9, at 9 am; Monthly Survey of Services (PMS) - April 10, at 9 am.
