Brazil Retail September 2019

Brazil

Brazil: Retail sales gain steam in September

November 13, 2019

Retail sales (excluding cars and construction) rose 0.7% from the previous month in seasonally-adjusted terms in September, above August’s 0.2% increase. The result was in line with market expectations.

The upturn was chiefly driven by rising sales of furniture and appliances; textiles, clothing and footwear; and fuels and lubricants.

On an annual basis, retail sales rose 2.1% in September, which was above from August’s 1.4% increase. Meanwhile, annual average growth in retail sales inched up to 1.5% in September from 1.4% in August.

Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.1% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, the panel sees retail sales growing 3.2%.


Author: Angela Bouzanis, Lead Economist

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Brazil Retail September 2019

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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