Retail Sales in Brazil
Brazil - Retail Sales
Retail sales drop again in July
Retail sales (excluding cars and construction) fell 0.5% from the previous month in seasonally-adjusted terms in July, following June’s revised 0.4% contraction (previously reported: -0.3% month-on-month) and marking the third consecutive drop.
The decline was largely broad-based with five of the eight categories recording contractions. The largest negative contribution was recorded in sales of furniture and household appliances.
On an annual basis, retail sales fell 1.0% in July, swinging from June’s 1.5% expansion and marking the worst result since March 2017. According, annual average growth fell from June’s 3.6% to 3.2% in July.
Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 2.8% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees retail sales growing 3.4%, also unchanged from last month’s forecast.
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||11.48||-0.82 %||Oct 18|
|Exchange Rate||3.72||-0.13 %||Oct 18|
|Stock Market||83,847||-0.11 %||Oct 18|
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October 9, 2018
Right-wing congressmen and former army captain, Jair Bolsonaro, won a larger than expected victory in the 7 October presidential elections, although failed to capture Brazil’s top job in the first round.
October 5, 2018
Consumer prices rose 0.48% in September over the previous month, contrasting August’s 0.09% fall.
October 3, 2018
In July, economic activity increased 0.6% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
October 2, 2018
Industrial production contracted for a second month in a row in August.
October 2, 2018
Conditions in Brazil’s manufacturing sector deteriorated in September.