Retail sales follow in low level

According to the Monthly Trade Survey (PMC) released by the Brazilian Institute of geography and statistics (IBGE), in spite of the monthly change in stability with growth of 0.1%, the annual data of the sales volume of the retail trade restricted still shows strong 5.3% fall in sales, the 15th consecutive negative rate. Yet the fall is much smaller than that of may when was -9.0%. To the President of the SPC, Roque Brazil Pellizzaro, the data reinforce the scenario that the economy entered a phase of stabilization. "Sales follow in low level, but I''ve noted a trend of smaller falls in relation to the previous year, which should be also seen over the next few months.", explains the President.
Three activities were responsible for the High of June the growth of 0.1% in the passage may for June was influenced by three of the eight activities surveyed by IBGE: fabrics, clothing and footwear (0.7%), books, newspapers, magazines and stationery (0.6%) and other personal and household articles (0.8%). Already retailers expanded, which also includes the sectors of building materials and vehicles, motorcycles and parts, had a drop in ticket may for June of 0.2 percent in sales volume. The annual variation, there was also a sharp drop of 8.4 percent, but lower than that of may, to 10.2%. This retreat was driven mainly by the fall of vehicles, motorcycles, parts and pieces, which shrank 15.2%, contributing with-4.2 percentage points to the final result.