Retail sales rise, but slightly lower than expected
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The Brazilian retail sales grew 0.3 percent in March compared to February and 1.8 percent compared to the same month last year, according to the Brazilian Institute of Geography and Statistics (IBGE) said on Thursday.
Economists polled by Reuters had forecast, according to the median monthly high of 0.5 percent and annual growth of 2.1 percent.
In the monthly comparison, eight of the ten sectors surveyed had sales growth, especially vehicles, motorcycles and parts (3.9 percent), the month that ended the first period to reduce tax (IPI) for cars, which anticipated the purchase of many consumers.
Other segments with positive data were construction material (3.0 percent), Textiles, clothing and footwear (1.9 percent) and books, newspapers, magazines and stationery (1.9 percent).
Sales of hypermarkets, supermarkets, food products, beverages and tobacco remained stable and the Furniture and appliances fell 2.2 percent.
About March 2008, six of the eight sectors had high sales, especially Pharmaceutical, medical, orthopedic and perfumery and cosmetics (15.2 percent) and other articles of personal and household goods (5 percent).
The IBGE said that in the first quarter sales accumulated growth of 3.8 percent.
The nominal revenue in March rose 0.5 percent from February and 7.8 percent from last year, accumulating in the quarter increase of 9.9 percent.
Source: Reuters
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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