Retail

Brazil's retail trade sales inch upwards by 0.4% YoY in Dec 2022

14 Feb '23

2 min read

Pic: Shutterstock/ Edinaldo Maciel

Brazil’s retail trade increased 0.4 per cent year-on-year (YoY) in December 2022, accumulating a rise of 1.0 per cent in 2022 in the seasonally unadjusted series. In the seasonally adjusted series, the country’s retail trade sales volume dropped 2.6 per cent month-on-month (MoM) for the same period. The quarterly moving average was -1.1 per cent, as per the Brazilian Institute of Geography and Statistics (IBGE).

Regarding extended retail trade, volume of sales changed 0.4 per cent against the previous month, retreated 0.6 per cent in relation to December 2021, and accumulated -0.6 per cent in 2022. The moving average was 0.1 per cent, IBGE said in a media release.

The fall in the volume of retail trade sales, from November to December 2022, had negative rates in sectors including fabrics, apparel, and footwear (-6.1 per cent). Compared to December 2021, retail of textiles, clothing, and footwear remained in the negative field with -11.9 per cent.

In December 2022, retail trade sales for fabrics, apparel, and footwear fell by 11.9 per cent compared to December 2021—the sixth consecutive drop with -16.2 per cent in July, -5.5 per cent in August, -9.5 per cent in September, -15.0 per cent in October, and -16.4 per cent in November. The sector also exercised the second major influence in the negative field (-1.3 percentage points) on the interannual indicator (0.4 per cent).

Retail trade accumulated an increase of 1.0 per cent in 2022, the lowest result since 2016 (-6.2 per cent). Extended retail, on the other hand, accumulated a drop of 0.6 per cent, the first since 2020 (-1.4 per cent). The textiles, apparel, and footwear sector marked -0.5 per cent among other sectors that recorded losses in 2022.

Fibre2Fashion News Desk (NB)

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