RIO DE JANEIRO, BRAZIL - In July, Brazilian retail trade maintained the vigor recorded over the previous two months, closing the month with a 5.2 percent sales increase, as reported on Thursday, September 10th, by IBGE (Brazilian Institute of Geography and Statistics). It was the highest growth for the month since the start of the survey, in 2000.
With the increase, the indicator offsets not only the losses caused by the pandemic, but is close to the historical record reached in October 2014, before the 2016 recession. "It's a very atypical year," commented survey manager Cristiano Santos.
The sales . . .