In September, retail sales (excluding cars and construction) rose a seasonally adjusted 0.6% over the previous month. The reading contrasted the 0.4% decline recorded in August and exceeded market expectations of a more moderate 0.4% increase. On an annual basis, retail sales decelerated from 6.3% in August to 5.3% in September. Most notably, sales in the pharmaceutical and medical goods category rose 2.2%. Meanwhile, the broad retail sales index, which includes automobiles and construction materials, rose 0.9% over the previous month, with both vehicle and construction sales increasing in September. Overall, seven out of ten categories increased in September compared to the previous month. Annual average growth in retail sales fell from 8.2% in August to 7.7% in September.
Retail sales rebound in September
November 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.