Brasil : Fresh contractions in activity and new business

The S&P Global PMI® Brazil Services Business Activity Index – which is based on a single question asking how the level of business activity compares with the situation the month before – fell to 48.9 in April, down from 52.5 in March. Notably, the headline figure was below the critical 50.0 nochange mark for the first time since January, ending a twomonth period of expansion