In November, retail sales (excluding cars and construction) expanded a seasonally adjusted 1.1% over the previous month. The reading, which followed on a weak 0.3% rise in October, beat analysts' expectations of a 0.5% rise. On an annual basis, retail sales accelerated from 8.7% in October to 9.9% in November. The increase was broad-based, with six out of eight categories recording higher sales than in the previous month. In particular, computer sales (+10.5% month-on-month) drove the monthly expansion. The broad index, which includes autos and construction goods, increased 1.4% over the previous month. As a result of the resilience of retail sales, which recorded only one negative month-on-month reading in 2010, the annual average growth rate inched up to a buoyant 10.8% in November (October: 10.7%).
Retail sales accelerate in November
January 12, 2011
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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.