Brazil: Retail sales rebound in November
January 9, 2018
Retail sales (excluding cars and construction) rose 0.7% from the previous month in seasonally-adjusted terms in November, which contrasted October’s revised 0.7% fall (previously reported: -0.9% month-on-month).
Looking at November’s result in detail, rising sales were seen for six of the eight components of the index, with higher supermarket sales driving the upturn. Meanwhile, sales of clothing and footwear were unchanged from the previous month.
On an annual basis, retail sales increased 5.9% in November, which was notably above October’s 2.6% growth. The trend rose and the annual average variation in retail sales came in at 1.1%, after 0.3% in October.