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Retail sales advanced 0.6% in February compared to January, breaking a two-month decline sequence

Retail sales advanced 0.6% in February compared to January, breaking a two-month decline sequence

(Getty Images)

Retail sales were up 0.6% in February 2021 compared to January, in the seasonally adjusted series, the Brazilian Institute of Geography and Statistics (IBGE) reported Tuesday (13).

Thus, after two consecutive months with negative variations adding a 6.3% decrease, the national retail sales volume rose again. Retail is now at the same level as in September 2020 and 0.4% above the pre-pandemic level (February 2020).

The result was in line with expectations. The estimate, according to the Refinitiv consensus, was up 0.6% compared to January and down 3.9% compared to February 2020 (the actual decrease was 3.8%).

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