Brazil’s Services Sector Stumbles as Transport Collapse Closes Out a Year of Cooling Growth

2026-02-12 - 13:25

Key Points Services volume fell 0.4% in December, missing the Reuters consensus of +0.1%, as every transport modal posted losses The sector still posted its fifth consecutive annual gain of 2.8%, with IT services surging 84% over five years The data fuels expectations that the Central Bank will deliver its first rate cut from a