Retail Sales in Brazil Decline in May, Down 7.3% for Year

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Not even the strong appeal of Mother’s Day helped retail sales results in Brazil, according to the country’s official statistics bureau, IBGE. In May, according to the bureau, retail volumes fell by one percent in comparison to April and the accumulated decline in the first five months of the year is of 7.3 percent.

IBGE analysts, however, note that the interesting aspect of the data is that despite the one percent drop in volumes, retail sales only declined by 0.1 percent in relation to nominal revenues . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?