Tuesday, November 13, 2018

Trade sales fall 1.3% and sector has worst September since 2000

Brazilian retail sales had a fall of 1.3% in September compared with August, reported on Tuesday (13) the Brazilian Institute of geography and statistics (IBGE). In comparison with September last year, there were high of 0.1%. According to the research manager Isabella Nunes, this is the worst September historical research series, initiated in 2000. In addition, was the most negative result since March 2017, when there was a 1.9% drop in comparison to the immediately preceding month. The IBGE's numbers show a loss of pace on the industry's recovery. With the fall of September, retailers began to accumulate high of 2.3% in the year. In 12 months, the advance slowed to 3.3 percent in August to 2.8 percent in September. The sales drop happens after a high expressive of 2% in August-a result that was revised after initial high reading of 1.3% disclosed previously. "The high comparison base brings an impact to this September," Isabella mused. She also recalled that last year, in the same period, there was also the release of FGTS funds and the PIS, which promoted greater household consumption. In the third quarter, the industry showed stability in comparison with the second quarter. In comparison with the same quarter of last year, there were 1% advance. Loss of breath the result came in worse than expected by the market. The expectation in research of Reuters was low of 0.20% on monthly comparison and 1.60% on feed a year earlier. Since April, when the Teamsters ' strike, the results accumulated in the year and in 12 months they lost pace consistently showing slight recovery in August, but back to fall in September. "But the reading is still the same, a path of recovery. Despite the loss of breath in the passage from August to September, the accumulated results remain positive, "said the researcher. Biggest falls in retail expanded, including the activities of vehicles and motorbikes and construction materials, sales fell further in September: 1.5%. According to the IBGE, 6 of the eight surveyed activities recorded fall in September. What else weighed in the negative result of September were sales of fuels and in supermarkets, which retreated, respectively, 2% and 1.2%, in comparison with August. The two groupings were also the most pressured by inflation in the period. Trade sales by segment: fuels and lubricants: -2%, Hypermarkets, supermarkets, food products, beverages and tobacco:-1.2% Fabrics, clothing and footwear: 0.6% furniture and appliances: 2% pharmacists, physicians, orthopaedic Articles, perfumery and cosmetics:-0.4% Books, newspapers, magazines and stationery: -1% equipment and stationery, computers and communication:-0.2% Other personal and household articles: -1% vehicles and motorcycles, parts and pieces:-0.1% Building Material:- 1.7% Prospects with unemployment still high, the brazilian economy has shown a recovery still slow in 2018, but in recent months has improved the optimism of entrepreneurs. Mall sell 7.7% in September and accumulate high 4.2% in 2018, says the trade association rose in October and reached the highest level in five months, returning to levels prior to the Teamsters ' strike, suggesting that the worst moment in the industry starts falling behind ". After disclosure of only 0.2% high in GDP in the second quarter, market analysts began to design a growth of just over 1% in 2018. According to the latest research Focus of the Central Bank, the market expectation is that the economy grow up 1.36% in 2018, less than half of what was expected from the beginning of the year.
G1 - 13/11/2018 News Item translated automatically
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