The Services Sector Affected by the Oil and Gas Industry Records an Increase of More Than 3%, According to IBGE

Written by Paulo Nogueira

Published on 17/04/2021 at 09:53

Updated on 27/04/2021 at 11:21

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Despite The Positive Result In The Accumulated Results Of 2021, This Is The Smallest Growth Registered By IBGE Due To The Global Economic Recession Caused By The Pandemic

It was released on Thursday (April 15, 2021) the result of the monthly survey that the IBGE conducted, and compared to the previous month, there was an increase of more than 3% in the activity of service provision, with a highlight on the services sector in oil and gas, which had a significant impact on this result and has been accumulating a remarkable increase throughout the year 2021. However, according to the news portal G1, the sector has a record of more than 8%, registering the largest decrease in activity ever recorded since the survey began.

What Do These Information Recently Exposed By IBGE Demonstrate?

These information demonstrate a recovery, albeit timid, of economic activity, with sectors like services managing to recover and have a significant increase, even with the global crisis that exploded due to the Coronavirus Pandemic, which has affected all countries and economies around the world.

Speaking of strategic Brazilian modalities, such as the oil and gas services sector, this impact occurs mainly due to the increase in gas and fuel consumption that was noted during the months of isolation during this global epidemic.

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When talking about kitchen gas, there was a significant increase in the consumption of this product, due to the fact that people are spending more time at home. Furthermore, with the implementation of home-office work, there was a substantial increase in the consumption of kitchen gas by Brazilians.

This brought a strong need and a very significant increase, especially in the service provision segment, which has triggered an entire service provision chain around these sectors.

And What About Gasoline, What Impact Did It Have On This Increase In Service Provision?

When it comes to fuels like gasoline, it should be considered that there was a significant increase in demand in terms of suppliers for hospitals; among these suppliers, there was a substantial increase in gasoline suppliers for ambulances.

Additionally, with the regrettable significant increase in COVID cases, people have had the need to use transport, whether public transport or cars to go to hospitals to receive care, and even individuals who have other issues not directly linked to the Coronavirus disease.

This has led to ride-hailing vehicles, taxi services, and other services registering a significant increase in terms of numbers, especially when we talk about having significant records of increased services compared to previous months.

Would The Pandemic Be One Of The Factors That Make These Numbers Have Such Positive Impacts?

Yes, according to IBGE specialists, the Pandemic would be one of the main factors responsible for the significant increase in positive results, especially in service provision.

One specific sector, Agrobusiness, has practically not yet been affected by the Pandemic, as with the outbreak of this global emergency, people have actually started consuming more food, thus generating a greater impact on service issues due to the increased need for services for this type of segment, which is growing with the crisis, especially in Brazil.

Finally, what can be concluded is that this number at the same time presents itself as something that can be an encouraging sign of economic recovery in Brazil, as well as representing a figure that is considered modest when compared to results prior to the Pandemic.

According to specialists, the world economy, just like the Brazilian economy, will only start to effectively recover after the first concrete results of mass vaccination and when the population begins to effectively adopt the so-called sanitary measures such as wearing masks and using hand sanitizer.

The Services Sector Affected by the Oil and Gas Industry Records an Increase of More Than 3%, According to IBGE

Despite The Positive Result In The Accumulated Results Of 2021, This Is The Smallest Growth Registered By IBGE Due To The Global Economic Recession Caused By The Pandemic

What Do These Information Recently Exposed By IBGE Demonstrate?

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

And What About Gasoline, What Impact Did It Have On This Increase In Service Provision?

Would The Pandemic Be One Of The Factors That Make These Numbers Have Such Positive Impacts?

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The Services Sector Affected by the Oil and Gas Industry Records an Increase of More Than 3%, According to IBGE

Despite The Positive Result In The Accumulated Results Of 2021, This Is The Smallest Growth Registered By IBGE Due To The Global Economic Recession Caused By The Pandemic

What Do These Information Recently Exposed By IBGE Demonstrate?

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

And What About Gasoline, What Impact Did It Have On This Increase In Service Provision?

Would The Pandemic Be One Of The Factors That Make These Numbers Have Such Positive Impacts?

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At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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