Brazil's services activity up 3.1% in December, above forecasts

Kitco Media
By Reuters
Published:
Updated:
Reuters
SAO PAULO, Feb 10 (Reuters) - Services activity in Brazil rose 3.1% in December from the previous month, statistics agency IBGE said on Thursday, well above expectations as economists had forecast a median increase of 1.0% percent in a Reuters poll. On a yearly basis, services activity in Latin America's largest economy rose 6.0% in December, IBGE added, also topping economists' projections of 3.9%. (Reporting by Gabriel Araujo and Camila Moreira; Editing by Steven Grattan)

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