In May, retail sales (excluding cars and construction) expanded a seasonally adjusted 0.6% over the previous month. The reading contrasted the 0.2% decline tallied in April and matched market expectations. On an annual basis, retail sales growth decelerated but remained strong at 6.2% (April: +10.2% year-on-year). The monthly increase was fuelled by a rebound in apparel, which swung from a 3.3% month-on-month contraction in April to a resilient 2.5% expansion in May. Meanwhile, the broad retail sales index, which includes automobiles and construction materials, rose 1.0% over the previous month, with vehicle sales expanding 0.2% mom. Annual average growth in retail sales fell from 9.5% in April to 9.2% in May.
Retail sales rebound in May
July 12, 2011
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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.