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LatinNews Daily - 12 August 2021
In brief: Brazil’s retail trade dips in June
* Brazil’s national statistics institute (Ibge) has released its latest figures on retail trade, which show that the volume of sales fell 1.7% between May and June this year. This negative monthly variation comes after two months of positive results in the retail sector, although in year-on-year terms, retail sales grew 6.3% in June. “The June results break two months of growth. Despite this drop, the retail sector still finds itself above February 2020 levels, that is to say, before the [coronavirus] pandemic”, Ibge research manager, Cristiano Santos, notes. The Ibge’s report also highlights a 2.3% monthly drop in the volume of sales for the ‘expanded retail sector’ in June, which includes vehicles, motorbikes, parts and pieces, and construction material.
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