Retail sales are up 1.8% in April – 06/08/2021 – Market

Brazilian retail trade sales volume rose 1.8% in April, compared to March. The result was released this Tuesday (8) by the IBGE (Brazilian Institute of Geography and Statistics).

In relation to April 2020, there was an increase of 23.8%. In the fourth month of last year, the sector had collapsed with the initial impacts of the pandemic, which caused the closing of stores.

Analysts consulted by Bloomberg agency projected a 1% drop in sales volume compared to March, in addition to a growth of 18.2% compared to the same previous period.

With the performance in April, retail trade accumulated an increase of 3.6% in 12 months. In the accumulated result for this year, the sector registers an increase of 4.5%.

After the initial impact of the sanitary crisis, sales began to resume throughout the second half of 2020. However, the advance of Covid-19 at the start of 2021 and the reduction of stimulus to the economy generated a loss of breath in business.

Emergency aid, for example, was only resumed in April, with a cut in the number of beneficiaries and deposited amounts.

Unemployment and rising inflation also challenge retail performance. In the first quarter, the number of unemployed workers reached 14.8 million, a record level, according to data released by the IBGE on the 27th. Inflation control, on the other hand, is threatened by pressure from the prices of food, fuel and electricity.

Given this situation, the advance of vaccination against the coronavirus is considered essential to encourage sectors such as commerce, indicate specialists. Immunization is seen as a mechanism to reduce restrictions on business activities and increase consumer confidence.


The article from the source


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