Flow of visitors in shopping malls shrank 1.48% in June

The flow of visitors in the shopping malls in the country fell 1.48 percent in June over a year earlier, according to the index of visits to Shopping malls, made by the Brazilian Association of Shopping Center (Abrasce).
Despite the pullback seen in the last month, the CEO of FX Flow Intelligence-which calculates the indicator-Marcelo Tavares, points out that "we started to see a smaller retractions movement, in line with what is happening in other retail sectors." "We are in the fall and the country still needs to improve economic breath, but with the holidays the next six months and promotions provided for with the end of the autumn/winter collection, it is possible to envision a more positive scenario," he explains.
According to the, the South recorded the largest indentation ( -6.49%), followed by the Southeast (-) 3.45%. The sum of the year, the fall is 4.63% from 2015. The week of Valentine''s day, between 6 to 12 June, the recoil was 3.26%. "Even so, it is possible to see the first signs of improvement, from the increase registered in the Northeast, from 2.04%," says FX, in a note.