UPDATE 1-Brazil services activity grows 0.3% in April, first rise this year
BRASILIA, June 13 (Reuters) – Services activity in Brazil rebounded in April from a sharp fall in the previous month, government statistics agency IBGE said on Thursday, marking the first rise this year, although growth was slower than economists had expected.
Activity also shrank more than forecast on an annual basis, suggesting the economy started the second quarter on a weak note, having contracted in the first quarter for the first time in more than two years.
By Jamie McGeever via Reuters