In September, retail sales (excluding cars and construction) rose 0.3% over the previous month in seasonally adjusted terms. The reading was above both the 0.2% increase observed in August and market expectations that sales would mirror the result recorded in August. On an annual basis, retail sales expanded 8.5% in September, below both the 10.0% rise observed in August and market expectations of an 8.7% increase. Among the eight categories that compose the narrow retail sales index, three increased over the previous month. Most notably, sales in the fuel and lubricants as well as in the supermarkets, food products, beverages and tobacco categories recorded the largest gains over the previous month. Meanwhile, the broad retail sales index, which includes automobiles and construction materials, fell a whopping 9.2% over the previous month (August: +2.7% month-on-month). As a result of the strong annual growth in September, annual average growth in retail sales ticked up from 7.8% in August to 8.1%.
Retail sales continue to expand in September
November 13, 2012
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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 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.