Retail Sales Register Worst Result in 15 Years in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Retail sales in Brazil decreased for the fifth consecutive time in August, registering a retraction of 0.9 percent in comparison to July and by 6.9 percent in comparison to August 2014, according to the IBGE (Brazilian Statistics Bureau). This latest result was the worst for the month of August in fifteen years, and the accumulated retraction of retail sales from January to August is at three percent.

According to the Bureau the segment of supermarket, food and tobacco was the main negative impact over Subscribe to our Premium Membership Plan. Already Subscribed?