CNC revises sales forecast of trade in 2016 to fall of 5.6%

The National Confederation of trade in goods, services and tourism (CNC) revised its estimate on the volume of sales of the retail trade restricted in 2016 to fall of 5.6%. The previous forecast of 4.8 percent retreat.
For retail expanded, encompassing even vehicles and building materials, the projection spent 9.4% drop to 10.6% in retreat.
The new forecast, released on Tuesday (12), occurs after the retail sales volume, as measured by the Brazilian Institute of geography and statistics (IBGE), have shown a fall of 1% in may, compared with April, and 9% over the same period in 2015, the worst result in the sector for the month since 2001.
"Despite the prospect of loss of strength in inflation in the coming months, retailers hardly cease to register its worst result of the historical series began in 2001," says Fabio Bentes, the Economist, in a note.
According to him, "in addition to the weakening of the labor market and the continuous rise of credit, consumer confidence following shattered".
Back up 9% in may retail
In the year, from January to may, sales accumulate 7.3% and indentation, in the last 12 months, of 6.5%.
According to Isabella Nunes, and trade services manager of the IBGE, the negative result of may, compared with the previous year was influenced mainly by price developments above the general inflation index, weakened labor market, fewer workers officially registered in the private sector and salaries.
"There is a greater number of people officially registered, and officially registered the passport for the credit. The formal market brings security to the consumer, "he said.
Pulled the fall of national retail-April to may-sales of articles of personal use in the home, from department stores, for example ( -2.4%) and furniture and appliances ( -1.3%), according to the IBGE''s Manager.