Retail sales in Brazil up 0.7% in August

15:40, October 16, 2009      

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Retail sales in Brazil were up 0.7 percent in August compared to July and 4.7 percent higher over the same period in 2008, the Brazilian Institute of Geography and Statistics (IBGE) informed on Thursday.

It was the fourth consecutive rise in the sales volume, indicating that the sector is recovering steadily from the effects of the international financial crisis.

According to the IBGE, the sales volume increased 4.7 percent in the first eight months of 2009 compared to the same period last year. In the September 2008 to August 2009 period, sales went up 5.4 percent compared to the previous 12-month period.

Out of the eight sectors included in the IBGE study, five registered decreases in the retail sales in August: fuels (0.7 percent); clothing and shoes (2 percent); office equipment and computers (4.9 percent); books (0.8 percent); and other personal and household supplies (0.7 percent).

Three sectors registered increases in the retail sales: supermarkets, food and drinks (1.4 percent), furniture and household appliances (0.6 percent), and pharmaceutical products (0.8 percent).

The vehicle and construction supplies sectors, which are not included in the main retail figures, registered increase of 2.5 and 1.1 percent in sales, respectively. The expanded retail sales figures, which include the two sectors, registered an increase of 3.3 percent in August.

A total of 23 out of 27 federation units registered increase in sales in August. The most significant rises were registered in the states of Piaui (23.9 percent), Sergipe (17.5 percent), and Ceara (8 percent). Four states registered sales decrease, including Tocantins (9.4 percent) and Paraiba (8.1 percent).

The revenues originated from retail sales were up 0.8 percent in August compared to July and eight percent from the same period in 2008. In the January to August 2009 period, revenues were up 9.6 percent from the same period lat year; from Sep. 2008 to Aug. 2009, revenues were up 10.7 percent from the previous 12-month period.

Source:Xinhua
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