Retail sector begins August with high of 3.1% in sales

The movement of retail sales grew an average 3.1% Sao Paulo in the first half of August compared with the same period of 2017, according to the São Paulo commercial Association (ACSP). "Parents ' day and the lowest temperatures in the period contributed to this high, as consumer demand increases for fall-winter fashion clothes, blankets, heaters. If the cold continues in the second half of August, the trade ends August with even greater growth, "says Marcel Solimeo, Chief Economist of the ACSP. Sales in sight, diverse range of nondurable goods such as clothing, footwear and accessories, rose 1.5%. "While not a robust number, it is a change of trajectory, as the vista mode recorded strong falls in July ( -4%) and June (-5.7%), because the cold had not gotten more intense to the State capital," he said. The term trading advanced 4.7%, drawn by better conditions before 2017, as lower interest rates and major deadlines. /Agencies