IAV-IDV Retreats in March and Designs New Retractions

Retail sales closed March with real fall 7.5%, compared with the same month of the previous year and already discounted inflation, according to a survey of the IAV-IDV (Antecedent Index of sales of Retail Development Institute). Again, the negative result is driven by the continued deterioration of the macroeconomic pillars that direct consumption, in addition to the "calendar effect", with the celebration of Easter being in March. For the next few months, members of the IDV indicate the continuity of the retraction, with falls of 5.1% in April, 4.1% in May and 3.5% in June.
Results by segment
Members of semi-durable goods sector, which includes clothing, footwear, sporting goods, bookshops and had real 11.9% fall. However, the expectation for the next months is positive, with high sales of 1.3% in April, 2.4% in May and 3.2% in June. The durable goods sector already had the worst result, with real 12.1% drop, and the projection for the next months is decreasing: 5.1% in April, 4.9% in May and 5.36% in June. The segment of nondurable goods, which accounts for the most part by the sales of super and hypermarkets, foodservice and Perfumery, presented fall of 4.5 percent in March sales and also flags with 6.5% falls in April, 5.3 percent in May and 4.2 percent in June.