Serasa Experian points to 2% growth in 2019 trade activity

A trade activity grew 2% in 2019 according to the Serasa Experian Indicator. The period taken into account was the months of January to December of last year. When 2019 is compared with the previous year, it is clear that in 2018 trade had a greater advance. This is because the growth in its activity was 3.3%.

It is important to mention that last year's increase is justified by the growth of the vehicles, motorcycles and parts sector, which advanced 8.4%. The influence of the construction material segment on this result is also notable, as it grew by 4.6%. Do you want to know more about the data released by Serasa Experian's Trade Activity Indicator? Then continue reading our article!

More information on Serasa Experian's Trade Activity Indicator results

When the month of December 2019 is compared with the month of November of the same year, a decrease of 0.1% can be seen in trade activity.

However, sales that were made in the Christmas week of last year (December 18th to 24th) improved by 4.1% compared to the same period in 2018. In São Paulo alone, the advance was 4.7%. It is worth mentioning that, since 2014, this is the second largest increase in sales. It is second only to 2017, which is at number one on the list.

According to the economist at Serasa Experian, Serasa Luiz Rabi, this increase is justified by better access to credit. This is because, in 2019, the basic interest rate (Selic) fell from 6% to 4.5%. Therefore, people felt safer to ask for loans and finance vehicles or real estate.

However, other factors also serve to explain the advance of trade activity in this period. According to Rabi, the 13th salary and FGTS withdrawals allowed the population to have a higher income. Thus, people could buy more in the last month of the year. This scenario contributed to an improvement in trade performance.

Final considerations

Having said that, we News Report we hope to have clarified the reason for the growth of trade activity last year. Please let us know if you contributed to 2%'s 2019 sales breakthrough by making multiple purchases. Also, be sure to follow the news on our website! We will let you know the main subjects related to the economy of the country and the world! Therefore, stay tuned for future publications.

Source: R7 It is Brazil Agency