By Jeffrey T. Lewis
SAO PAULO–Brazil retail gross sales rose in April as shoppers elevated their purchases of furnishings and home equipment.
Sales quantity elevated a seasonally adjusted 0.9% in April, the fourth consecutive month of development, and rose 4.5% from a 12 months earlier, the Brazilian Institute of Geography and Statistics stated Friday. The figures for gross sales in March have been each revised upward to 1.4% in the month and to 4.9% from a 12 months earlier.
Sales of furnishings and home equipment rose 2.3% in the month and gross sales of clothes and footwear elevated 1.7%. Sales at hypermarkets and supermarkets declined 1.1% and gross sales of fuels and lubricants fell 0.1%.
The tempo of development in retail gross sales has slowed because the begin of the 12 months, when gross sales rose 2.4% in January. Brazil’s economic system has been stronger than anticipated this 12 months, however economists predict the growth will gradual in the second half as speedy inflation and increased rates of interest cut back demand.
Write to Jeffrey T. Lewis at [email protected]
Brazil Retail Sales Rose in April, Boosted by Furniture and Clothing Sales & More Latest News Update
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