Brazil: Retail sales rebound in May
July 17, 2014
In May, retail sales (excluding cars and construction) rose 0.5% over the previous month in seasonally-adjusted terms. The result contrasted the 0.3% contraction tallied in April and came in above market expectations of retail sales registering flat growth. On an annual basis, retail sales expanded 4.8% in May, which was down from the 6.7% expansion seen in April.
The monthly expansion was broad based as all eight categories that make up the index registered expansions in May. Computers and communication equipment and personal and household items tallied the strongest expansions.