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.