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