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Brazil's retail trade rises 1.23% in June 2013
25
Jul '13
Retail trade in Brazil grew by 1.23 percent in June 2013 compared to the same period in 2012, according to the SpendingPulse MasterCard Index.
 
The June retail trade growth is less than the cumulative growth of 5 percent registered in first quarter of 2013. 
 
The accumulated result of the last three months, i.e. April to June 2013, showed an increase of approximately 3.2 percent over the same period in 2012. 
 
According to the SpendingPulse Index, the garment sector is the only sector that witnessed greater growth than the rise in total retail sales. 
 
The SpendingPulse index is a macroeconomic indicator that MasterCard Advisors Brazil has started releasing each month since February 2013.
 
The indicator reports on national retail spending and consumption performance and is based on sales activity in the MasterCard payments network coupled with estimates for all other payment forms including cash as well as check. 
 
The SpendingPulse reports and forecasts of spending trends do not reflect or relate to the operational and financial performance of MasterCard.
 
SpendingPulse Brazil is based on a robust data sample drawn from over 1.7 million businesses accredited by MasterCard throughout the country.
 
In April 2013, the overall retail trade in Brazil, which includes clothing, recorded a change of minus 0.5 percent for the volume of sales and a change of 0.8 percent for the nominal revenue, both rates in relation to the previous month, according to a report released by the Brazilian Institute of Geography and Statistics (IBGE).
 

Fibre2fashion News Desk - India


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