Retail trade drops 0.1% in August, says IBGE

Retail trade drops 0.1% in August, says IBGE

The Brazilian retail trade retreated 0.1% from July to August this year. This is the third negative result for the sector, which has a loss of 0.8% in the quarterly moving average. Data from the Monthly Trade Survey (PMC) were released today (7), by the Brazilian Institute of Geography and Statistics (IBGE).Retail trade drops 0.1% in August, says IBGE

In the 12-month period, retail had a loss of 1.4%. On the other hand, the sector showed increases of 1.6% compared to August 2021 and 0.5% in the year.

The fall from July to August was driven by three of the eight activities surveyed by the IBGE: equipment and supplies for office, IT and communication (-1.4%), other articles of personal and domestic use (-1.2%) and pharmaceutical, medical, orthopedic and perfumery products (-0.3%).

On the other hand, five activities had growth: textiles, apparel and footwear (13%), fuels and lubricants (3.6%), books, newspapers, magazines and stationery (2.1%), furniture and household appliances (1%) and hyper, supermarkets, food products, beverages and tobacco (0.2%).

Nominal revenue dropped 0.3% compared to July, but grew 14.7% compared to August 2021, 15.7% in the year and 13.1% in the 12-month period.

expanded retail

Expanded retail trade, which includes sales of vehicles and parts and construction materials, dropped 0.6% from July to August. Vehicles, motorcycles, parts and pieces grew 4.8%, while construction materials dropped 0.8%.

Extended retail also showed declines in the quarterly moving average (-1.1%), compared to August 2021 (-0.7%), in the year (-0.8%) and in the last 12 months (- two%).

Nominal revenue fell 0.3% compared to July, but rose 12.4% compared to August 2021, 14.3% in the year and 12.8% in the 12-month period.

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