In February, retail sales (excluding cars and construction) fell 0.5% over the previous month in seasonally adjusted terms. The reading contrasted the 3.3% increase observed in January and was below market expectations of a 0.3% decline. On an annual basis, retail sales expanded 9.6% in February, above the 7.8% rise in January. Among the eight categories that compose the narrow retail sales index, three decreased over the previous month. Most notably, sales in the textiles, apparel and footwear category recorded the largest drop over the previous month. Meanwhile, the broad retail sales index, which includes automobiles and construction materials, declined 1.1% over the previous month, with vehicle sales decreasing in February. Annual average growth in retail sales inched up from 6.6% in January to 6.7% in February.
Retail sales decline for the first time in six months
April 13, 2012
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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.