AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
World

Brazil retail sales fall 0.6pc in March, but far less than expected

  • The seasonally adjusted monthly decline of 0.6% in March was far less than the median forecast of a 7.0% decline in a Reuters poll of economists, while the year-on-year rise of 2.4% was stronger than the 1.7% fall forecast in the poll.
  • Some 26% of firms across the country surveyed by IBGE said the COVID-19 pandemic affected sales in March, the highest percentage since July last year.
Published May 7, 2021

BRASILIA: Brazilian retail sales fell in March for a third month in four, official figures showed on Friday, but held up far stronger than economists had feared and expanded solidly on the same month last year.

The seasonally adjusted monthly decline of 0.6% in March was far less than the median forecast of a 7.0% decline in a Reuters poll of economists, while the year-on-year rise of 2.4% was stronger than the 1.7% fall forecast in the poll.

Statistics agency IBGE said sales fell in seven of the eight categories surveyed in March, led by a 41.5% fall in clothing and footwear, and a 22.0% fall in furniture and electrical goods.

The overall figures were buttressed by a 3.3% rise in food, drink and tobacco sales, IBGE figures showed.

Some 26% of firms across the country surveyed by IBGE said the COVID-19 pandemic affected sales in March, the highest percentage since July last year.

Since rebounding to record levels in October last year, the volume of retail sales in Latin America's largest economy has fallen 6.5%, IBGE said.

On a wider basis, including cars and building materials, retail sales in March fell 5.3% on the month, the biggest decline since April last year, but were up 10.1% from last March, IBGE said.

By this measure, retail sales in Brazil were still 10.1% down from their peak in August 2012, IBGE said.

Comments

Comments are closed.