Brazil Retail October 2016


Brazil: Retail sales continue to fall in October

December 13, 2016

Retail sales (excluding cars and construction) in Brazil fell 0.8% in October from the previous month in seasonally-adjusted terms. The result was a marginal improvement from September’s 1.0% drop but was worse than the 0.7% decline analysts had predicted. October’s figure was driven by falling sales of fuel, food, beverages and tobacco relative to September.

On an annual basis, retail sales fell 8.2% in October, which was a more pronounced decline than September’s 5.7% contraction. The annual average variation in retail sales dropped to a 15-year low of 6.8% in October.

Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to contract 5.9% in 2016, which is down 0.3 percentage points from last month’s forecast. For 2017, the panel sees retail sales growing 0.5%, which is up 0.1 percentage points from the previous month’s estimate.

Author:, Economist

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Brazil Retail Chart

Brazil Retail October 2016

Note: Month-on-month changes of seasonally-adjusted retail sales and annual average growth rate in %.
Source: Brazilian Institute of Statistics and Geography (IBGE) and FocusEconomics Consensus Forecast.

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