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The truckers' strike resulted in a nearly 4% contraction in the service sector in May. That's a lot. This sector displaces more than 70% of the wealth produced annually in Brazil.
The movement of loaded trucks, does not remember at all what was seen during the 11 days of the truckers' strike. It touched the industry, the trade and also the service sector – which decreased by 3.8% in May compared to April. The largest decline in a single month since the institute began this investigation in 2011.
The closure affected ground transportation and all other related activities, such as loading and unloading services. unloading and storage of products. In Ceagesp, the country's largest distribution and storage center, the movement dropped by 70% during the period when the motorways were blocked.
"We must wait the next few months to know the magnitude,"
Transportation is one of the areas of the service sector that also includes telecommunications, tourism, food, services of beauty, both make this sector the most important in the growth of the country.
In 2018, services have accumulated falls in a row, with one exception in April. According to economist Luiz Fernando Figueiredo, partner of Mauá Capital Investimentos, the recovery of the economy is slower. "The problem is that the strike itself has resulted in a decline in confidence and that the loss of confidence will be reflected in the GDP. over time. In other words, the economy is very dependent on people's trust. If you do not trust, you do not invest, you do not consume, you do not buy things, you do not use people. So the economy, when it has little confidence, is a lot. What is our case, "explains Figueiredo.
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