Retail Trade in Brazil Sees Record 17.2 Percent Growth in Q3

The result shows a robust sector rebound after the first and second quarter declines.

RIO DE JANEIRO, BRAZIL - Sales in trade increased by 17.2 percent in Q3 this year over the preceding three months, a record increase since official records began in 2000, sources said yesterday.

The result shows a robust rebound in the sector after declines in the first (-1.9 percent) and second (-8.5 percent) quarters this year, affected by the novel coronavirus pandemic, according to the Brazilian Institute of Geography and Statistics (IBGE).

Sales also increased by 6.3 percent between July and September, compared to the same period in 2019, in what is the highest growth since 2014 . . .

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