Brazil Retail September 2017


Brazil: Retail sales rebound in September

October 11, 2017

Retail sales (excluding cars and construction) rose 0.5% from the previous month in seasonally-adjusted terms in September, which contrasted August’s 0.4% drops. The result overshot market analysts’ expectations of a 0.4% rise.

Looking at September’s result in detail, rising sales were seen for five of the eight components of the index, with supermarket sales driving the uptick.

On an annual basis, retail sales increased 6.4% in September, which was notably above August’s 3.6% rise. As a result, the trend rose and the annual average variation in retail sales came in at minus 0.6% in September, above August’s minus 1.6%.

Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.0% in 2018, which is up 0.3 percentage points from last month’s forecast. For 2019, the panel sees retail sales growing 3.7%.

Author: Angela Bouzanis, Senior Economist

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Brazil Retail Chart

Brazil Retail September 2017

Note: Month-on-month changes of seasonally-adjusted retail sales and annual average growth rate in %.
Source: Brazilian Institute of Statistics and Geography (IBGE) and FocusEconomics Consensus Forecast.

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