Notice to the Market - Retail grows 4.6% in July, according to ICVA
(World News Brazil)

Brazilian retail grows 4.6% in July, according to ICVA Russian World Cup and calendar effect helped increase the sales compared to July last year In July, Brazilian retail sales grew 4.6% YoY, excluding inflation, according to Cielo Broad Retail Index (ICVA). In nominal terms, mirroring the sales revenue observed by the retailer, Cielo Broad Retail Index grew by 7.6%. The month`s result was strongly benefited year-on-year. In 2018, there were two matches of the Brazilian team at the World Cup, which pushed consumption down on those dates. July this year also had one more Wednesday and one less Sunday, a weaker day for retail. Adjusting the Cielo...