In May, retail sales (excluding cars and construction) fell 0.8% over the previous month in seasonally adjusted terms. The reading contrasted both the 0.7% increase observed in April and market expectations of a 0.6% rise. In fact, the reading represented the worst decline since November 2008. On an annual basis, retail sales expanded 8.2% in May, above the 6.0% rise observed in April but below market expectations of a 10.5% increase. Among the eight categories that compose the narrow retail sales index, three declined over the previous month. Most notably, sales in the furniture and house appliances category recorded the largest decrease over the previous month. Meanwhile, the broad retail sales index, which includes automobiles and construction materials, fell 0.7% over the previous month. Annual average growth in retail sales inched up from 7.2% in April to 7.3% in May.
Retail sales decline most in more than three years
July 11, 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 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.