Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Brazil Retail Sales Grew 1.3% in Aug. From July, Up 4.1% From Year Earlier

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2018 | 02:37pm CEST

By Jeffrey T. Lewis

SAO PAULO--Brazilian retail sales returned to growth in August, after three months of declines, as the country's slow economic growth and the gradual decline of unemployment boosted demand.

Retail sales increased 1.3% in August from July, and grew 4.1% from a year earlier, the Brazilian statistics agency said Thursday. That compares with a revised decline of 0.1% in July from June.

A 10-day truckers strike at the end of May blocked highways around the country, preventing deliveries from reaching shops and factories and hitting retail sales, industrial production and other sectors of the economy. With economic growth sluggish, and political uncertainty high ahead of the country's October presidential elections, shoppers and businesses have been reluctant to spend more, but demand is slowly increasing and boosting sales.

Sales of clothing and shoes had the biggest gain in the month, with growth of 5.6% in August from July. Sales of fuel and lubricants increased 3% in the period, and sales of furniture and appliances rose 2%.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
12:49pSoutheast Asia Stocks - End lower on caution ahead of earnings season
RE
12:49pCarl Icahn reports 8.3 percent stake in Dell tracking stock
RE
12:46pSaudi oil output expected to rise, will meet India's demand - Falih
RE
12:43pSACE S P A : SIMEST (CDP Group) takes 40 SMEs of the oil & gas sector to Kuwait
PU
12:43pECHA EUROPEAN CHEMICAL AGENCY : 15 October 2018 - News release ECHA increases visibility of authority activities
PU
12:38pBANK INDONESIA : Indonesia’s External Debt Grows Stably
PU
12:38pAPEC ECONOMIC LEADERS’ WEEK : Media Registration Open
PU
12:23pEUROPEAN COMMISSION : The Commission welcomes Council green light for EU-Singapore Trade and Investment Agreements
PU
12:18pREPORT - HARNESSING GLOBALISATION : trade aspects - A8-0319/2018 - Committee on International Trade
PU
12:18pSOMALIA : major step in EU support to state-building
PU
Latest news "Economy & Forex"
Advertisement