Brazil: Retail sales fall in April
May 20, 2014
In April, retail sales (excluding cars and construction) fell 0.3% over the previous month in seasonally-adjusted terms. The result came in slightly above the 0.5% contraction tallied in March, although it contrasted market expectations of a 0.1% expansion. On an annual basis, retail sales expanded 6.7% in April, which markedly contrasted the 1.1% contraction seen in March.
Six out of the eight components that make up the index registered contractions in April, which more than offset the increase tallied in the remaining two. Among the categories that recorded monthly drops were supermarket products, beverages and tobacco as well as desktop equipment and computers.