---
title: "Brazil's services sector activity misses expectations in December"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275766404.md"
datetime: "2026-02-12T13:50:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275766404.md)
  - [en](https://longbridge.com/en/news/275766404.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275766404.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275766404.md) | [繁體中文](https://longbridge.com/zh-HK/news/275766404.md)


# Brazil's services sector activity misses expectations in December

(Recasts with further data, context)

SAO PAULO, Feb 12 (Reuters) - Brazil’s services activity fell more than expected in December compared with the previous month, data from the statistics agency IBGE showed on Thursday, as high interest rates continued to weigh on activity.

-   The main driver of Latin America’s largest economy fell 0.4% in December from November, IBGE said.
    
-   Economists in a Reuters poll had expected a 0.1% increase.
    
-   Three of the five service groups surveyed posted declines, with transport showing the steepest drop.
    
-   Persistent price pressures in the sector remain a concern for Brazil’s central bank, which has kept Brazil’s benchmark interest rate at 15%, a near-two-decade high, to curb inflation.
    
-   Year-on-year, services output rose 3.4%, roughly in line with expectations of a 3.5% increase.

### Related Stocks

- [E Fund Itausa Bovespa ETF(QDII) (520870.CN)](https://longbridge.com/en/quote/520870.CN.md)
- [iShares MSCI Brazil ETF (EWZ.US)](https://longbridge.com/en/quote/EWZ.US.md)

## Related News & Research

- [The AI Boom Just Hit A Wall — Why The Solution Isn't In Silicon Valley, But In Rio](https://longbridge.com/en/news/274558523.md)
- [Brazil trade balance swings to $4.2 billion surplus in February, matches forecast](https://longbridge.com/en/news/277976722.md)
- [EMERGING MARKETS-LatAm assets extend fall as Middle East tensions bite](https://longbridge.com/en/news/278939699.md)
- [Brazil retail sales beat forecasts in January](https://longbridge.com/en/news/278725550.md)
- [Tighter checks disrupt Brazilian soybean exports to China](https://longbridge.com/en/news/279019108.md)