Brazil Retail June 2019

Brazil

Brazil: Retail sales record slight growth in June

August 9, 2019

Retail sales (excluding cars and construction) rose 0.1% from the previous month in seasonally-adjusted terms in June, which followed May’s revised zero growth (previously reported: -0.1% month-on-month). The broadly stable result chiefly reflected flat growth in sales of food, beverages and tobacco products and a small increase in sales of other personal and household articles. Meanwhile, four of the eight subcomponents recording falling sales in June.

On an annual basis, retail sales dropped 0.3% in June, which contrasted May’s 1.0% rise and marked a three-month low. Annual average growth in retail sales inched down to 1.2% in June from 1.3% continuing the downward trend seen since the start of 2018.

Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 2.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees retail sales growing 3.2%.


Author: Angela Bouzanis, Lead Economist

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Brazil Retail June 2019

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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