RIO DE JANEIRO, BRAZIL - In March, the drop stood at 7% compared to the same month in 2020.
Retail sales in physical stores fell by 4.4% in the first quarter this year compared to the same period last year, according to a new survey by SpendingPulse, from Mastercard. In March, the drop was 7% compared to the same month in 2020.
Mastercard SpendingPulse is a macroeconomic indicator of retail sales across all payment types in selected global markets.
The reports are based on aggregate sales activity on Mastercard's payment network, combined with research-based estimates for certain other . . .
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