Brazilians Bought More in 2019, Trend Expected to Continue in 2020

Retail stocks may show good results at the IBOVESPA exchange in view of expected economic growth.

RIO DE JANEIRO, BRAZIL - With the expected growth in year-end sales, retail in Brazil is experiencing its best moment since the recession, and enters 2020 with its best foot forward.

The good performance achieved in 2019, particularly in the second half of the year, boosted the sector, which invoiced 18.1 percent more on Black Friday this year than in 2018.

The increase is influenced by macroeconomic factors that have a direct impact on income, such as the release of resources from the Severance Premium Reserve Fund (FGTS) - which, according to the market, will help the Brazilian economy experience . . .

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