Retail sales dropped 12.6% in January

The upsurge of the pandemic led Brazilian retail sales to drop 12.6% in January, discounting inflation, compared to the same month in 2020, according to the Cielo Extended Retail Index (ICVA). According to the company, in nominal terms, which mirror the sales revenue observed by retailers, the ICVA showed a drop of 6.3%.

Source: Valor Investe