MercoPress. South Atlantic News Agency

Brazil services activity in November shrinks the most in nine months

Brazilian services activity in November shrank the most in nine months, a private survey showed on Tuesday, highlighting the nation's uneven recovery from the deepest recession in a century. The Purchasing Managers Index (PMI) for the Brazilian services sector compiled by research firm Markit fell to 46.9 from 48.8 in October. Readings below 50 indicate contraction in activity. Read full article