Retail sales retreated 3.1% in August – ISTOÉ DINHEIRO

Retail sales retreated 3.1% in August – ISTOÉ DINHEIRO

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Retail sales retreated 3.1% in August – ISTOÉ DINHEIRO

Retail sales volume in the country decreased 3.1% in August, compared to the previous month, which registered 2.7%. More than half of the activities fell in the period. In the year, however, the retail accumulates high of 5.1% and in the last 12 months, growth of 5%.

The data are from the Monthly Trade Survey (PMC), released today (6) by the Brazilian Institute of Geography and Statistics (IBGE).

According to the survey, six of the eight activities surveyed had negative rates in August, with emphasis on other articles of personal and domestic use (16%), which had the main negative influence on the retail trade indicator. This activity is made up, for example, by large department stores.

According to the PMC manager, Cristiano Santos, this sector suffered a lot at the beginning of the covid-19 pandemic, but it reinvented itself with the reformulation of its internet sales strategies.