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Economic indicators

Retail sales are down 7.8%, says IBGE

01.14.2016

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

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Sales volumes of trade, in the series without seasonal adjustment, closed the month of November 2015 with a decrease of 7.8% compared to November last year (annualized rate), the eighth consecutive drop and the largest decline in the same base comparison from the -11.3% from March 2003.

The figures were disclosed today (13) by the Brazilian Institute of Geography and Statistics (IBGE) and indicate that, on this basis of comparison, the nominal income remains positive at 1.3%.

The cumulative decline happens even with the sector closing November 2015 with growth both in sales and in nominal revenue, compared to October last year, the series without seasonal influences. Data from the Monthly Retail Trade Survey indicate that retail sales rose 1.5% from October to November, while the nominal revenue expanded 2.3%.

In this same comparison basis (with the same month the previous month), the sales volume records the second consecutive positive change in the margin, which contributed to stop the downward trend in the quarterly moving average index (0.6%), which It had been observed since December 2014.

Thus, the results remain negative for the volume of sales in the accumulated January-November 2015 (-4%) and for the last 12 months (-3.5%). Nominal revenue for these same comparisons, remains in the positive range, with variations of 1.4%, 3.3% and 3.6%.

 

Source: Agency Brazil

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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