In December, retail sales (excluding cars and construction) expanded 0.3% over the previous month in seasonally adjusted terms. The reading was below the 1.2% increase observed in November but exceeded market expectations of a more moderate 0.1% rise. On an annual basis, retail sales expanded 6.7% in December, maintaining the pace from the previous month. Among the eight categories that compose the narrow retail sales index, five increased over the previous month. Most notably, sales in the office, computer and communication equipment category recorded the largest expansion over the previous month. Meanwhile, the broad retail sales index, which includes automobiles and construction materials, rose 1.6% over the previous month, with both vehicle and construction sales increasing in December. In the full year 2011, retail sales expanded a solid 6.7%, which was below the 10.9% increase recorded in 2010.
Retail sales continue to expand in December
February 14, 2012
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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.