In April, retail sales (excluding cars and construction) contracted a seasonally adjusted 0.2% over the previous month. The reading contrasted the 1.0% rise recorded in March (previously reported: +1.2% month-on-month) and came in below market expectations of a 0.4% increase. On an annual basis, retail sales accelerated sharply from 4.0% tallied in March to 10.0% in April, mainly due to a favourable base effect from April 2010. The monthly contraction was driven by a fall in the sale of computers and office supplies (-13.6% month-on-month) as well as apparel (-3.2% mom). Meanwhile, the broad retail sales index, which includes automobiles and construction materials, rose 1.1% over the previous month, with vehicle sales expanding 1.7% mom and construction materials rising 0.2% mom. Annual average growth in retail sales remained unchanged in April at 9.5%.
Retail sales decline in April
June 10, 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.