Services Sector Reacts Amid Continuing Pandemic
Posted: Thu Jan 30, 2025 10:48 am
The COVID-19 pandemic has disrupted many sectors of the Brazilian economy, and one of them has been the services sector. According to data released by the Brazilian Institute of Geography and Statistics (IBGE), services in 2020 saw a 7.8% decline.
However, as the months go by, the sector's australia physiotherapist email database numbers have shown significant growth, which represents an important recovery for the health of businesses and the optimism of entrepreneurs.
Understand how the services sector has recently reacted to the pandemic!
What is the sector and what are Services?
The Services sector is the largest in terms of GDP (Gross Domestic Product) and employment in Brazil. It encompasses service activities and product trade, also known as the tertiary sector of the economy.
Services involve transportation, sales and distribution in banking, tourism, restaurants, hospitals and other areas, including highly capitalized, union-supported employees, up to retail.
Sector started 2021 in a positive way
In 2020, the Services sector experienced periods that haunted many businesspeople, who saw numbers plummet in several published surveys.
However, in February 2021, according to IBGE, the sector registered a growth of 3.7% compared to January, being the 9th consecutive increase, surpassing the pre-coronavirus pandemic level for the first time.
Also in February, eighteen states grew in the volume of services, among them São Paulo (4.3%), Minas Gerais (3.5%), Mato Grosso (14.8%) and Santa Catarina (3.9%).
New perspectives
Even though the Services sector has recovered to its pre-pandemic level, a good Services manager must bring commitment and dedication to each task, in addition to training their skills in times of instability like this.
To this end, FGV helps you develop and exercise these skills with the MBA in Management: Strategies in Service Businesses.
However, as the months go by, the sector's australia physiotherapist email database numbers have shown significant growth, which represents an important recovery for the health of businesses and the optimism of entrepreneurs.
Understand how the services sector has recently reacted to the pandemic!
What is the sector and what are Services?
The Services sector is the largest in terms of GDP (Gross Domestic Product) and employment in Brazil. It encompasses service activities and product trade, also known as the tertiary sector of the economy.
Services involve transportation, sales and distribution in banking, tourism, restaurants, hospitals and other areas, including highly capitalized, union-supported employees, up to retail.
Sector started 2021 in a positive way
In 2020, the Services sector experienced periods that haunted many businesspeople, who saw numbers plummet in several published surveys.
However, in February 2021, according to IBGE, the sector registered a growth of 3.7% compared to January, being the 9th consecutive increase, surpassing the pre-coronavirus pandemic level for the first time.
Also in February, eighteen states grew in the volume of services, among them São Paulo (4.3%), Minas Gerais (3.5%), Mato Grosso (14.8%) and Santa Catarina (3.9%).
New perspectives
Even though the Services sector has recovered to its pre-pandemic level, a good Services manager must bring commitment and dedication to each task, in addition to training their skills in times of instability like this.
To this end, FGV helps you develop and exercise these skills with the MBA in Management: Strategies in Service Businesses.