Retail sales grow 3.1% in 1st half

Retail sales in Brazil registered a high of 3 1% in the first half of 2018, compared to the same period last year, data from the Boa Vista SCPC. In June, makes expansion of 1.0% of sales compared to may, in evaluating with seasonal adjustment, while the result earned in 12 months ended in the sixth month of the year high of 4.5% presented before the previous equivalent period. According to the survey, the analysis of the result of June compared with the same month of 2017, was checked 3.1% expansion of the business. To the Boa Vista, the expansion of sales in June indicates that, after the difficulties imposed by the Teamsters ' work stoppage at the end of may, retail resumed growth trajectory. "In the first half, but evolution has occurred in lower pace than expected, due to the poor performance of the economy and the labour market weakened", ponders the entity in a note. For the second half of 2018, the Boa Vista expects "with the continued expansion of credit, improvement in employment and consumer confidence in the consolidation of a higher recovery rate". By segment according to the survey released last Friday (20), furniture and household appliances led the high movement on monthly comparison with 2.0% expansion of the business, already discounted the seasonal effects of the period. Also contributed positively the sales of other articles (3.2%) and textiles, garments and footwear (1.3%). The entity also highlights that sales of supermarkets, food and drinks were stable on the same basis of comparison while presented high 0.5 light fuels% in sales. /Associated Press Content