São Paulo – Commercial activity in Brazil increased by 0.6% in May from April this year and 3.4% in May from May 2014. Consulting firm Serasa Experian released data this Monday (8th) showing sales at stores have also increased year-to-date, by 1.6%.
However, Serasa economists note that growth is still timid. They ascribe the low activity rate to factors like consumer willingness to incur new debt, higher cost of credit, high insolvency rates and high inflation.
The area where commercial activity grew the most was building material, up 2.4% from April. The area where sales declined the most was vehicles and their parts, down 1,9%.
*Translated by Gabriel Pomerancblum
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