THE WHAT? Brazilian retail sales, excluding autos and construction, have continued to rise in May following a positive April, as consumers return following pandemic restrictions, according to a report by Reuters. However, the cosmetics and pharmaceutical sector reported a fall.
THE DETAILS According to figures from the Government statistics agency IBGE, there was also a strong upward revision sales of April’s figures from a 1.8 percent rise to a 4.9 percent rise, while April to May rose 1.4 percent.
The upward rise in May was said to have been broad-based, meaning a total volume rise of 4 percent above pre-pandemic levels of early 2020.
Year on year sales rose 16 percent, according to the study, boosted by base effects following the steep decline in May last year.
Month on month sales rose in all but one category, led by clothing and footwear which increased 16.8 percent.
THE WHY? As lockdown measures ease and restrictions lift, retail sales in recovering countries are continuing to grow. However, the fall in sales for the cosmetics and pharmaceutical sector indicates a hesitancy to shop in store for beauty goods.