The city on the beach in Brazil

Brazil Retail July 2020

Brazil: Retail sales growth eases in July

Retail sales grew 5.2% month-on-month in seasonally-adjusted terms in July, a softer than June’s 8.5% increase. That said, the result came in above market analyst’s expectations of a 1.2% rise.

Looking at the details of the release, sales under the categories of other articles for household and personal use; furniture and appliances; and textiles, clothing and footwear lost steam compared to the previous month. Moreover, supermarkets, food, drinks and tobacco sales were relatively stable in July.

On an annual basis, retail sales increased 5.5% in July, notably above June’s 0.5% expansion and marked the best result since March 2018.

Commenting on the outlook for retail sales, Alberto Ramos, economist at Goldman Sachs, reflected:

“Retail sales touched the bottom in April and have staged a solid recovery since then supported by large fiscal increase transfers and the gradual relaxation of social distancing protocols. However, a still very complex domestic covid viral picture and the likely reduction of fiscal stimulus before the end of the year could soften/weaken the pace of the recovery.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest