In September, retail sales (excluding cars and construction) expanded a seasonally adjusted 0.4% over the previous month. The reading, which followed on a strong 2.0% expansion in August, exceeded market expectations that retail sales would remain flat. On an annual basis, retail sales accelerated from 10.5% in August to 11.8% in September. The monthly expansion reflected strong computer sales (+5.6% month-on-month), which was partially offset by a drop in pharmaceutical sales (-1.2% mom) and supermarkets (-0.1% mom). The broad index, which includes autos and construction goods, fell 0.9% over the previous month amid lower sales of building materials (-0.2% mom) and vehicles (-0.8% mom). As a result of the resilient growth pace in retail sales, the trend continues to point upwards, with the annual average growth rate rising from 10.1% in August to 10.7% in September.
Retail sales continue to grow in September
November 12, 2010
Looking for forecasts related to Retail in Brazil? Download a sample report now.
Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
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.