In January, retail sales (excluding cars and construction) increased 0.4% over the previous month in seasonally-adjusted terms. The result contrasted both the 0.3% fall registered in December and market expectations of a 0.3% decrease. On an annual basis, retail sales expanded 6.1% in January, which was above the 3.9% growth rate registered in December. Six of the eight categories that compose the narrow retail sales index increased over the previous month, led by upsurges in office equipment and computers as well as in pharmaceuticals and medical articles. The broad retail sales index, which includes automobiles and construction materials, rose 2.1% over the previous month (December: -1.8% month-on-month). Annual average growth in retail sales held steady at December's 4.3% in January. 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%.
Retail sales rebound in January
March 13, 2014
Author: Carl Kelly, Economist
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Brazil Retail Chart
Note: Month-on-month changes of seasonally adjusted retail sales and annual average growth rate in %.
Source: Brazil Institute of Geography and Statistics (IBGE) and FocusEconomics calculations.
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.