Brazil Retail

Brazil

Brazil: Retail sales rebound in January

March 16, 2015

In January, retail sales (excluding cars and construction) rose 0.8% over the previous month in seasonally-adjusted terms, which contrasted December’s 2.6% fall and market expectations of a 2.0% decrease. December’s result had marked the largest contraction ever recorded. The monthly figure came on the back of an improvement in all eight components of the index, compared to December. The largest increase in sales was recorded for office and computer equipment.

On an annual basis, retail sales increased 0.6% in January, which was above the 0.3% expansion recorded in December. Annual average growth in retail sales fell from 2.2% in December to 1.8% in January.

LatinFocus Consensus Forecast panelists expect retail sales to expand 2.5% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees retail sales growing 2.9%.


Author: Angela Bouzanis, Senior Economist

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Brazil Retail Chart


Brazil Retail January 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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