RIO DE JANEIRO, BRAZIL - Brazilian retail sales rose 0.1% from April to May, according to IBGE Monthly Trade Survey (PMC) data released Wednesday. According to IBGE, it is the fifth consecutive positive rate.
Cristiano Santos, head of the survey, points out that there is a recovery in the retail sector, but it starts from a low base and is becoming less pronounced in these months:
- Despite the four positive results, rates were down, Santos estimates.
Six of the eight industries surveyed posted positive rates in May. In terms of impact, the highlight was the 3.6% increase . . .
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