Brazil Retail April 2021

Brazil

Brazil: Retail sales rise at fastest clip in eight months in April

June 8, 2021

Retail sales grew 1.8% month-on-month in seasonally-adjusted terms in April (March: -1.1% mom). April's result marked the strongest rise since August 2020, although it was partly flattered by a low base effect. Looking at the details of the release, sales of other articles for household and personal use; textiles, clothing and footwear; and, furniture and appliances all expanded in April. Meanwhile, supermarkets, food, drinks and tobacco sales shrank compared to the previous month.

On an annual basis, retail sales rose at a quicker rate of 23.8% in April (March: +2.2% yoy), the best result on record. Moreover, the trend improved, with the annual average growth of retail sales coming in at plus 3.6%, up from March's 0.7% reading.

LatinFocus Consensus Forecast panelists expect retail sales to grow 2.0% in 2021, which is up 0.3 percentage points from last month’s forecast. For 2022, the panel sees retail sales growing 2.5%.


Author:, Economist

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Brazil Retail April 2021 0

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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