Brazil Services Activity Contracts In January
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Service Sector Decline: Brazil's service sector experienced its first contraction in sixteen months, with the S&P Global Services Business Activity Index falling to 47.6 in January due to weakened demand and a significant drop in new business inflows.
Industrial Production Trends: Industrial production in Brazil decreased by 0.3% in December, marking the third consecutive monthly decline, although it remains slightly above pre-pandemic levels but significantly below the peak reached in May 2011.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
