Brazil: São Paulo’s retail sales dropped 8% in the first half of July

The data is from the preview of the Balanço de Vendas ("Sales Balance"), an indicator elaborated by the Gastão Vidigal Economics Institute (IEGV). The drop is compared to the same period before the pandemic.

The movement in São Paulo's retail market in the first half of July increased 67.5% compared to the same period in 2021.

The data is from the preview of the Balanço de Vendas ("Sales Balance"), an indicator prepared by the Institute of Economy Gastão Vidigal (IEGV) from the Commercial Association of São Paulo (ACSP).

However, according to IEGV, the result does not encourage nor reflect reality because the . . .

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