Brazilian retail falls 22.4% since the coronavirus outbreak began

The Brazilian retail sector suffered a negative impact of 22.4% with the coronavirus outbreak in the country, according to a survey carried out by Cielo. Between March 1 and April 2, total nominal revenue fell in all weeks, with a greater worsening at the end of the third month, -52.3%. Analysing by sectors, Services – which comprises Tourism and Transport and Bars and Restaurants – was the one that presented the most fall, of 47.8%.

Source: Money Times