China News Agency, Sao Paulo, February 10 (Reporter Mo Chengxiong) The latest data released by the Brazilian National Geographic and Statistics Agency (IBGE) on the 10th local time shows that Brazil's retail sales in 2020 will increase by 1.2% compared with 2019. This is the country's retail The industry has grown for the fourth consecutive year.
The data shows that Brazil's construction materials sales performed well in 2020, an increase of 10.8% compared to 2019, the highest increase.
In addition, sales of furniture and household appliances increased by 10.6%, sales of pharmaceutical, medical and perfume products increased by 8.3%, and sales of large supermarkets and food products increased by 4.8%.
However, sales of books, newspapers, magazines, and stationery fell by 30.6%, sales of fabrics, apparel and footwear fell by 22.7%, sales of computers and communication equipment fell by 16.2%, sales of automobiles, motorcycles and parts fell by 13.7%, fuel and lubricants Sales fell 9.7%.
The data also shows that in December 2020, Brazilian retail sales fell by 6.1% month-on-month and increased by 1.2% year-on-year.
In the fourth quarter of 2020, Brazilian retail sales fell 0.2% from the previous quarter.
In 2017, Brazil's retail sales resumed an increase of 2.1% for the first time after two years of shrinking. In 2018 and 2019, they increased by 2.3% and 1.8% respectively.
Industry insiders said that due to the impact of the new crown pneumonia epidemic, Brazil's retail sales in 2020 will face great difficulties but still achieve growth. This is mainly due to the Brazilian government's emergency relief funds for low-income groups during the epidemic and the active promotion of resumption of work in various regions Resume production.
With the slowdown of the Brazilian epidemic and the recovery of the overall economy, investment and consumption in Brazil will heat up. It is expected that the country's retail sales in 2021 are expected to continue to grow.
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