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2025-09-12 21:06:46
[Brazil's service industry has grown strongly for six consecutive months, and the central bank is in a dilemma amid concerns about inflation] ⑴ Brazil's service industry activity grew by 0.3% month-on-month in July, in line with expectations, setting a new historical high and achieving six consecutive months of expansion. ⑵ Year-on-year growth of 2.8%, slightly higher than the 2.6% forecast by economists in the institutional survey, showing that the main growth drivers of Latin America's largest economy remain resilient. ⑶ Three of the five major categories of activities achieved growth, with the information and communications sector contributing the most with a month-on-month increase of 1%; the transportation sector, dragged down by rising fares, fell by 0.6% month-on-month. ⑷ Continued inflation in the service industry remains a core concern for policymakers, and the market generally expects the central bank to maintain the benchmark interest rate at a nearly 20-year high of 15% at its meeting next week.
