Brazilian publishing market declines for the fifth year in a row

Former Fnac employees protesting outside Cultura bookstore

With sales drops and crisis in bookstores, government purchases avoid bigger decline

For the Brazilian publishing market, 2018 was marked by the legally-backed restructuring requests filed by the country's two major bookstores. Now the crisis can be seen in numbers. Last year, considering the period's inflation rate, the sector shrank by 4.5%; - in nominal terms, the drop amounted to 0.9%.

These figures are included in a survey on the Brazilian Publishing Sector's Production and Sales, released on Monday (April 29). The survey was conducted by FIPE (Fundação Instituto de Pesquisas Econômicas - Foundation Institute for Economic Research) in conjunction with CBL (Câmara Brasileira do Livro - Brazilian Publishers Chamber) and SNEL (Sindicato Nacional dos Editores de Livros - National Union of Book Publishers).

Read more in Folha de S.Paulo

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