Brazil Retail

Brazil

Brazil: Retail sales in April contract for third month in a row

June 17, 2015

In April, retail sales (excluding cars and construction) fell 0.4% over the previous month in seasonally-adjusted terms, which followed March’s 1.0% decrease and surprised market analysts who had expected a 0.7% expansion. The monthly deterioration came on the back of a worsening in five of the eight components of the index, compared to March. The largest decrease in sales was recorded for office equipment.

On an annual basis, retail sales fell 3.5% in April, which contrasted the 0.3% increase recorded in March. As a result, annual average growth in retail sales fell from 1.0% in March to 0.2% in April.

LatinFocus Consensus Forecast panelists expect retail sales to expand 0.1% in 2015, which is down 0.4 percentage points from last month’s forecast. For 2016, the panel sees retail sales growing 1.2%.


Author: Angela Bouzanis, Senior Economist

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Brazil Retail Chart


Brazil Retail April 2015

Note: Year-on-year changes of GDP in %
Source: Brazilian Institute of Statistics and Geography (IBGE) and FocusEconomics Consensus Forecast.


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