Retail fell in December, ending a 7-month high, but grew 1.9% last year

The Monthly Survey of Commerce, by the IBGE, released this Wednesday, 12th, data that show that retail sales fell by 0.1% in December. Therefore, the last month of 2019 interrupted the period of 7 consecutive months of high retail. Despite this, the research also shows that, even so, the trade closed last year with a high of 1.8%.

Thus, 2019 is the third consecutive year of increase in retail sales. However, of these three years, last year had the worst growth. This is because, in 2018, retail grew by 2.3%. In 2017, retail sales increased by 2.1%. Furthermore, if the last month of last year is compared to December 2018, retail growth is 2.6%. Continue reading to learn more about the survey data.

More information about the data from the IBGE survey

It is important to mention that the results for December 2019 and last year as a whole were below the forecasts of analysts consulted by the Reuters agency. According to them, there was an expectation that, in the last month of 2019, there would be a growth of 0.2%. In relation to the whole year, the specialists' forecast was that there would be an increase of 3.5% in retail sales.

The data released by the IBGE also do not coincide with those that were pointed out by the Brazilian Association of Shopping Store Owners. Alshop had said that in December retail sales increased by 7.5%. This data was contested by the Brazilian Association of Satellite Shopkeepers. According to her, the information released by Alshop was untrue.

It is still necessary to state that, of the 27 Brazilian states, 18 had a drop in retail sales. Those that were most affected were Roraima (-13.8%), Rondônia (-9.5%) and Acre (-8.2%). On the other hand, there were states that had an increase in retail. The most benefited was Rio Grande do Sul, whose retail sales grew by 3.5%.

Final considerations

Having said that, we News Report we hope you have understood the results of the retail in December last year and in 2019 as a whole. Comment if you did a lot of shopping last year! We are curious to know if you have made your contribution to the annual growth of our country's retail sales!

Also be sure to follow our website! In addition to this news about the performance of the retail, we will publish texts about the main events related to the economy of our country and also the rest of the world!

Source: wow