Retail Sales in Brazil
Brazil - Retail Sales
Retail sales shrink in September
Retail sales (excluding cars and construction) dropped 1.3% from the previous month in seasonally-adjusted terms in September, contrasting August’s 2.0% expansion.
The fall was largely broad-based with six of the eight categories recording decreased sales. The largest negative contribution came from falling sales of food products, beverages and tobacco.
On an annual basis, retail sales rose a modest 0.1% in September, notably below August’s 4.1% expansion. Annual average growth of retail sales fell from 3.3% in August to 2.8% in September.
Brazil Retail Sales Forecast
Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees retail sales growing 3.5%.
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||9.68||-0.82 %||Dec 14|
|Exchange Rate||3.92||-0.13 %||Dec 14|
|Stock Market||87,450||-0.11 %||Dec 14|
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December 12, 2018
At its 11–12 December meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%.
December 7, 2018
Consumer prices fell 0.21% in November over the previous month, contrasting October’s 0.45% increase.
December 3, 2018
Conditions in Brazil’s manufacturing sector improved notably in November.
November 30, 2018
Recently-released GDP data revealed that the recovery revived in the third quarter, after activity was hit by the nationwide truckers’ strike in the previous period.
November 27, 2018
Brazil’s current account balance came in at a surplus of USD 329 million in October, contrasting the USD 686 million deficit recorded in the same month last year. The current account surplus was chiefly due to a higher trade surplus, which came in at USD 5.9 billion in October (October 2017: USD 5.2 billion).