Retail

Brazil's retail trade increases 1.5% YoY in Nov 2022

12 Jan '23

1 min read

Pic: Shutterstock/ Joa Souza

Brazil’s retail trade in the seasonally adjusted series rose by 1.5 per cent year-on-year (YoY) and decreased by 0.6 per cent month-on-month (MoM) in November 2022. After a rise of 0.5 per cent in October, the quarterly moving average changed by 0.3 per cent in November.

Brazil’s textiles, apparel, and footwear sector showed a 16.1 per cent drop in sales in November 2022 compared to November 2021, according to figures by the Brazilian Institute of Geography and Statistics (IBGE).

For retail trade, the cumulative index in the year and in the last 12 months reached 1.1 per cent and 0.6 per cent, respectively. There were negative variations in the volume of retail trade sales from October to November 2022 for a number of surveyed sectors including the textiles, apparel, and footwear sector at -0.8 per cent.

Regarding extended retail trade, the volume of sales changed by 0.6 per cent in November and the moving average advanced by 0.3 per cent. For Brazil’s extended retail trade, cumulative index over the year was -0.6 per cent and the same index in 12 months was at -0.8 per cent.

Fibre2Fashion News Desk (NB)

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