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%.