Brazilian retail sales fell 0.2% in August compared to July. The data are part of the Monthly Business Survey (PMC), released last Wednesday (18) by the Brazilian Institute of Geography and Statistics (IBGE). Since it is very close to zero, the result is considered stable.
Research manager Cristiano Santos points out that of the eight months recorded this year, four were of stability and three of low volatility. “After a low amplitude increase (0.7%) in July, the readings for August are stable,” he said.
Sales volume increased by 2.3% compared to August 2022. This increase in the last 12 months is 1.7%.
Half of the eight sectors surveyed had negative numbers: other goods for personal and household use (-4.8%), books, newspapers, magazines and stationery (-3.2%), furniture and household appliances (-2.2%). and clothing, apparel and footwear (-0.4%).
Retailers in trouble
“Throughout the year, up to August, large chain stores have been facing an accounting crisis and experiencing a reduction in the number of stores”, Cristiano Santos was quoted as saying, referring to the decline in sales.
At the other end, hypermarkets, supermarkets, food products, beverages and tobacco (0.9%), fuels and lubricants (0.9%), office, IT and communication equipment and supplies (0.2%) were in the blue. , medical, orthopedic and perfumery articles (0.1%).
reduction in inflation
Hypermarkets, supermarkets, food products, beverages and tobacco recorded their third consecutive growth. “This has to do with the slowdown in inflation in the food sector. The effect of inflation ultimately impacts activity, causing consumers to have more income to buy products”, the IBGE researcher assesses.
In expanded retail trade, which includes specialized wholesale of vehicles, motorcycles, parts and pieces, construction materials and food products, beverages and tobacco, sales declined 1.3% compared to July, but were up 2.7% over the 12 months. % increase was observed.