Clipping of news on Brazilian Culture, Law and Citizenship
10.14.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Retail sales fell 0.9% in the country in August, compared to July. Compared to August 2014, the drop is 6.9%. Data from the Monthly Retail Trade Survey (PMC) were released on Wednesday by the IBGE.
The decrease of 6.9% is the highest on-year since March 2003, when it was 11.4%.
Economists polled by Bloomberg News had expected an average rate of 0.6% drop compared to July and 5.7% compared to August 2014.
Retail recedes from the month of February is considered the historical seasonally adjusted, that is, compared to the previous month. When compared to the same month last year, the fall occurs from the month of April.
Trade reeling from the effects of the uncertainties of the economy, the increase in the unemployment rate in the country and lower income. In this scenario, consumer confidence is low and he defers purchases.
Source: MSN
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This article was translated by an automatic translation system, and was therefore not reviewed by people.