Trade confidence falls 7.3% at tri until August before 2013, said FGV

SAO PAULO (Reuters)-the trade confidence index (Icom) retreated 7.3 percent on average for the quarter ended August against the same period of the previous year, reaching 113.3 points, informed the Getulio Vargas Foundation (FGV) said Thursday.
In the previous result, referring to the three-month period ended in July, was decrease of 6.3 percent.
The Current Situation index (ISA-with) fell 12.1 percent in the three months to August over the same period last year, to 82.0 points. Already the Expectations index (IE-with) showed falling 4.3 percent to 144.6 points.
"Past the period of holidays related to the World Cup, the acceleration of sales in July and August seems to have been weaker than expected. This disappointment, associated with reduced odds changes in the very short term, maintains the low growth scenario for the sector by the end of the year, "said Deputy Superintendent in a note of economic cycles from FGV/IBRE, Aloisio Campelo Jr.
The FGV also informed that the Restricted retail sector confidence had fallen 6.5 percent in the quarter ended in August in comparison with the same period last year.
Retail already Enlarged, which also includes vehicles, motorcycles and parts and material for construction, the trust backed down 7.8 percent, while wholesale loss of 6.2 percent in the quarter to August.
Brazilian retail sales closed the second quarter with 0.6 percent fall on the first, after being damaged in June by the World Cup and still amid the backdrop of high interest rates and high inflation.
(By Camila Moreira)