Brazil services PMI rebound helps spur strongest overall activity since 2010 - IHS Ma

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Brazil's services sector expanded in October at the fastest rate since January, a purchasing managers' survey showed on Thursday, which helped drive the strongest private sector growth in Latin America's largest economy in over a decade. The rise in IHS Markit's Brazil services purchasing managers index (PMI) shows the sector finally recovering from the worst of the coronavirus-fueled economic slump earlier this year, but it continued to shed jobs and high input costs curbed companies' pricing power. IHS Markit's headline Brazil services PMI rose to 52.3 from 50.4 in September, the second consecutive reading above 50.0.