Brazil Retail October 2018

Brazil

Brazil: Retail sales contract again in October

December 13, 2018

Retail sales (excluding cars and construction) dropped 0.4% from the previous month in seasonally-adjusted terms in October, marking the second consecutive contraction (September: -1.3% month-on-month). The fall was driven by decreasing sales in five of the eight categories, including fuel.

On an annual basis, retail sales rose 2.0% in October, notably above September’s 0.2% expansion. Annual average growth of retail sales was stable at September’s 2.8% in October.

Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.6% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees retail sales growing 3.5%.


Author: Angela Bouzanis, Lead Economist

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Brazil Retail Chart


Brazil Retail October 2018

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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