Economy

Retail in Brazil rose 6.6% in December over November, shows survey

In Getnet's review, data for the last three months show a "certain accommodation" in consumption

Popular store in Brazil
Photo: Tânia Rego/ Agência Brasil
  • Restricted retail, that excludes sales of vehicles, auto parts and construction materials, rose 6.6% in Brazil during December;
  • In the overall results for the sector, which considers all branches, the increase was 5.3%;
  • According to the survey, data for the last three months show a “certain accommodation” in consumption, after higher variations in previous months.
  • The slowdown is linked to cuts in emergency aid.

According to the retail index IGet, from the Santander Group‘s acquirer arm Getnet, the retail sector rose 6.6% in Brazil during December over November, reported Estadão.

The index calculates sales performance based on transactions carried out by Santander POS machines and removes seasonal effects, in addition to being based on commercial establishments that enter the so-called restricted retail, which excludes sales of vehicles, auto parts and construction materials. In the overall retail, which considers all branches, the increase is 5.3%.

READ ALSO: Card usage to grow up to 20% this year in Brazil, says Abecs

In Getnet’s review, data for the last three months show a “certain accommodation” in consumption, after higher variations in previous months. According to the company, the slowdown is linked to cuts in emergency aid.

Get the best insights about Latin America market in your inbox