Brazil: Retail sales contract in February
April 15, 2015
In February, retail sales (excluding cars and construction) fell 0.1% over the previous month in seasonally-adjusted terms, which contrasted January’s 0.3% rise and market expectations of a 0.2% increase. The monthly figure came on the back of a deterioration in six of eight components of the index, compared to January. The largest decrease in sales was recorded for fuels and lubricants.
On an annual basis, retail sales fell 3.1% in February, which contrasted the 0.5% increase recorded in January. Annual average growth in retail sales fell from 1.8% in January to 0.9% in February.