Retail Sales in Brazil
Brazil - Retail Sales
Retail sales bounce back in January
Retail sales (excluding cars and construction) increased 0.4% from the previous month in seasonally-adjusted terms in January, notably contrasting December’s revised 2.1% contraction (previously reported: +2.2% month-on-month). December´s result had marked the largest drop in over two years. However, the result undershot market expectations of a stronger 0.6% increase.
The rebound was driven chiefly by a turnaround in sales of food, beverages and tobacco. In addition, sales of furniture and household appliances also increased, after contracting in December. Meanwhile, sales of fuels and lubricants lost steam from the previous month.
On an annual basis, retail sales rose 1.9% in January, notably above December’s revised 0.7% expansion (previously reported: +0.6% year-on-year). Annual average growth in retail sales, however, ticked down from 2.3% in December to 2.2% in January.
Brazil Retail Sales Forecast
Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees retail sales growing 3.6%.
Brazil - Retail Sales Data
|Retail Sales (annual variation in %)||4.3||2.2||-4.4||-6.3||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Retail Sales Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||9.06||-0.82 %||Jan 30|
|Exchange Rate||3.69||-0.13 %||Jan 30|
|Stock Market||96,996||-0.11 %||Jan 30|
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April 15, 2019
In February, economic activity decreased 0.7% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
April 11, 2019
Consumer prices rose 0.75% in March over the previous month, accelerating from February’s 0.32% increase and overshooting expectations of a softer 0.63% rise.
April 3, 2019
Industrial production gained steam in February, jumping 0.7% month-on-month in seasonally-adjusted terms.
April 1, 2019
Conditions in Brazil’s manufacturing sector appear to have weakened somewhat in March.
April 1, 2019
Business sentiment in Brazil weakened at the end of Q1, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 97.2 points from 99.0 points in March.