Brazil Retail


Retail sales fall in April

In April, retail sales (excluding cars and construction) fell 0.3% over the previous month in seasonally-adjusted terms. The result came in slightly above the 0.5% contraction tallied in March, although it contrasted market expectations of a 0.1% expansion. On an annual basis, retail sales expanded 6.7% in April, which markedly contrasted the 1.1% contraction seen in March.

Six out of the eight components that make up the index registered contractions in April, which more than offset the increase tallied in the remaining two. Among the categories that recorded monthly drops were supermarket products, beverages and tobacco as well as desktop equipment and computers.

LatinFocus Consensus Forecast panelists expect growth in retail sales to expand 4.2% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, the panel sees retail sales growing 3.7%.


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Brazil Retail Chart

Brazil Retail April 2014

Note: Year-on-year changes of GDP in %
Source: Brazilian Institute of Statistics and Geography (IBGE) and FocusEconomics Consensus Forecast.

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