In August, retail sales (excluding cars and construction) expanded 2.0% over the previous month in seasonally adjusted terms. The reading, which overshot market expectations of a 1.5% rise, followed on a 0.4% expansion recorded in July. On an annual basis, retail sales growth inched down from 11.1% in July to 10.4% in August. The monthly expansion was broad-based, as sales rose in all eight categories composing the index. However, stationary and furnishing, which jumped 3.5% and 2.9% respectively, were the strongest growth drivers. The broad index, which includes autos and construction goods, rose 2.1% over the previous month amid strong sales of building materials (+2.0% mom) and vehicles (+2.4% mom). As a result of the robust August reading, the trend continues to point upwards, with the annual average growth rate rising from 9.7% in July to 10.1% in August, further approaching the Consensus Forecast projection of a 10.4% increase in full-year 2010. In 2011, the panel expects retail sales growth to moderate to 6.1%.
Retail sales accelerate in August
October 14, 2010
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Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.