Forex - Brazil: February Services Volume Was Below Expectations at -0.4% m/m, +3.8% y/y


 12:13 (GMT) 12 Apr

  [Economic Data]

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Brazil: February Services Volume Was Below Expectations at -0.4% m/m, +3.8% y/y (0101-KLHG-C01)

February services volume was below market expectations, (above ours) at -0.4%m/m, +3.8%y/y, still showing low growth at the start of the year. The %y/y reading is mostly a calendar effect as shown by the negative growth in the SA index. We keep our forecast for Proxy GDP at 0.6%m/m, 2.5%y/y

Brazil: February Services Volume Was Below Expectations at -0.4% m/m, +3.8% y/y (0101-KLHG-C02)

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