Industry and retail sales fell more than 30% from March to April

Industry and retail sales fell by more than 30% in April, compared to March, according to the Sectoral Monitoring Bulletin of Economic Activity, released by the Ipea. In the services sector, the decline was 23.7%. In addition to the paralysis of a “wide range of productive activities”, the fall in domestic and foreign demand caused a strong retraction in all sectors of the economy.

Source: UOL Economia

Solar energy distributed generation grows 5.2% to 300 thousand installations

Despite the pandemic of the covid-19, the installation of Distributed Generation (GD) solar energy systems grew 5.2% in May, from 285 thousand in April to 300 thousand installations this month, Brazilian Solar Energy Association (Absolar). Investments reached R$ 14.6 billion ($ 2.6 billion) accumulated since 2012, for an installed capacity of 2.8 gigawatts.

Source: Agencia Estado

Tour operators lose $ 182 mm in sales

Tour operators in the country had a 90% drop in revenue in April, compared to the same month of 2019, which corresponds to a loss of R$ 1.08 billion ($ 182 mm). The drop is a result of the crisis experienced by the tourism sector due to the covid-19. For the year, it is expected that tour operators will show a 51% to 75% drop in revenue, reaching an amount between R$ 7.7 billion ($ 1.4 bn) and R$ 11.3 billion ($ 2 bn).

Source: Valor Investe