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Retail sales grow 2%, breaks series of downturns

IBGE

Monthly survey released Tuesday (10 January) shows stronger retail sales and faster moving economic recovery
published: Jan 10, 2017 12:00 AM last modified: Jan 10, 2017 05:03 PM
Rovena Rosa/Agência Brasil Shoppers on 25 de Março street, one of the busiest retail hubs in Brazil. Of the 27 states, 23 were in the black

Shoppers on 25 de Março street, one of the busiest retail hubs in Brazil. Of the 27 states, 23 were in the black

Retail trade has begun showing stronger signs of recovery. Sales increased by 2% from October to November, interrupting four straight months of decline in the indicator.

The result is also the best for a month of November since 2007 (which showed 2.3% growth compared with October) and the best month overall since July 2013 (when sales went up by 2.9%).

The data (link in Portuguese) comes from surveys conducted by the Brazilian Institute of Geography and Statistics (IBGE) released this Tuesday (10 December). The better performance of the two-month period similarly increased sales revenues, which are up 0.9% from one month to the next.

When considering the group classified as "extended retail", which takes into account the vehicles, motorcycles, auto parts and construction materials segments, the increase in sales amounted to 0.6%.

The most significant results of the period were seen for personal and domestic use items, with sales up 7.2% compared to October. The equipment and office, computer and communication supplies segment also performed well, ending the period up 4.3%.

Appliances

Furniture and appliances have also gotten a boost (+2.1%), as did supermarkets and hypermarkets (+0.9%) and pharmaceutical, medical, orthopaedic and perfumery articles (+0.6%). The construction materials sector also stood out in the period, showing a 7.2% increase compared to October.

The survey also reveals that 23 of the 27 states were in the black, with the highest sales increases observed in Tocantins (6%) and Paraíba (3.8%). Alagoas and Roraima, both down 0.9%, were the two states with the most significant decreases in the comparison.