Brazil: Retail sales record worst result in 6 months in September
November 10, 2016
Retail sales (excluding cars and construction) fell 1.0% in September from the previous month in seasonally-adjusted terms. The result was a sharper drop than August’s revised reading (previously reported: -0.6% month-on-month) and marked the worst result since March. Broad-based declines were recorded across the index, with six of the eight components recording contractions.
On an annual basis, retail sales fell 5.9% in September, which was a more pronounced decline than August’s 5.5% contraction. The trend inched up in September as annual average variation in retail sales rose from minus 6.7% to minus 6.6%.