In June, retail sales (excluding cars and construction) expanded a seasonally adjusted 0.2% over the previous month. The reading was below the revised 0.7% increase tallied in May (previously reported: +0.6% month-on-month) but above market expectations of a flat result. On an annual basis, retail sales added 7.1% in June, up from the 6.3% rise in May. The monthly increase was fuelled by a robust expansion in sales of apparel, which grew 3.0% mom (May: +3.2% mom). Meanwhile, the broad retail sales index, which includes automobiles and construction materials, rose 0.5% over the previous month, with construction material sales adding 1.0% mom and vehicle sales contracting 0.7% mom. Annual average growth in retail sales fell from 9.2% in May to 8.9% in June.
Retail sales push higher in June
August 11, 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.