In October, retail sales (excluding cars and construction) increased a seasonally adjusted 0.4% over the previous month. The reading, which followed on a weak 0.3% rise in September, fell short of market expectations that saw retail sales add 1.1%. On an annual basis, retail sales decelerated from 12.0% in September to 8.8% in October. The monthly expansion reflected strong automobiles sales (+6.8% month-on-month), but was partially offset by a drop in computer and communication equipment sales (-10.0% mom) and weaker sales of beverages and tobacco (-0.2% mom). The broad index, which includes autos and construction goods, increased 2.0% over the previous month. As a result of the weak growth pace in retail sales, the annual average growth rate remained unchanged in October at 10.7%.
Retail sales rise in October
December 14, 2010
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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.