The result of retail trade sales in the country, with a slight drop of 0.1% in October, while the market expected an increase of 0.08%, “cannot be considered catastrophic”, according to the economic advisor at Fecomercio de São Paulo, Altamiro Carvalho.
To CNN Rádio, he assesses that there was a good first half for the sector. “The reduction in the pace of reaction in the retail sector is due to a number of factors, but this year the result should close this year positive, it is nothing alarming.”
The economist remembers that there has never been such a troubled period as 2020 and 2021.
“We observed a complete imbalance in consumption rates, with some activities growing greatly benefited by emergency aid, pharmacy and supermarkets, and others falling, such as fuel and clothing, there was a complete disarray within consumption.”
High level of indebtedness of families, and withdrawal of emergency aid.”
The Fecomercio advisor also showed optimism with 2022: “It is possible that the scenario will be better at the beginning of the year, December will still have very positive results due to the 13th, for example, which is what supports the increase in sales in the month, tends to grow about 47% compared to last year.”
Reference: CNN Brasil
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