Overview

• Service volumes grew 2.5% from a year earlier in August, with 2025 year to date up 2.6% and the 12‑month rate at 3.1%, according to IBGE’s PMS survey.
• Four of five activity groups advanced on the month, while information and communication contracted 0.5%.
• Services provided to households rose 1.0% in August, yet the segment’s 2025 gain of 1.3% trails the broader sector’s 2.6% pace.
• Nominal service revenue increased 0.6% on the month and 7.0% year over year, with both the 12‑month and year‑to‑date measures up 7.6%.
• The 0.1% monthly print was below the 0.4% VALOR DATA median and within the -0.6% to +0.8% forecast range, and July’s result was revised to 0.2% from 0.3%.