Retail Sales in Brazil
Brazil - Retail Sales
Decline in retail sales softens in July
Retail sales fell 0.8% month on month in seasonally-adjusted terms in July (June: -1.4% mom). Looking at the details of the release, the moderation came on the back of a marked rebound in fuel sales, and other articles for household and personal use sales dropped at a slower pace.
On an annual basis, retail sales plunged 5.2% in July, which was notably below June’s 0.1% fall and marking the worst result since October 2021. Accordingly, the trend pointed down, with the annual average variation of retail sales coming in at minus 1.8%, down from June's minus 0.9%.
LatinFocus Consensus Forecast panelists expect retail sales to grow 1.5% in 2022, which is down 0.1 percentage points from last month’s forecast, and 1.1% in 2023.
Brazil - Retail Sales Data
|Retail Sales (annual variation in %)||-4.2||-6.6||2.5||2.3||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Retail Sales Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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September 15, 2022
Economic activity growth accelerated to 1.2% month on month in seasonally-adjusted terms in July (June: +0.9% mom).
September 14, 2022
Retail sales fell 0.8% month on month in seasonally-adjusted terms in July (June: -1.4% mom).
September 9, 2022
Consumer prices fell a seasonally-adjusted 0.36% in August over the previous month, a less pronounced fall than the 0.68% drop recorded in July.
September 2, 2022
Industrial output increased 0.6% month-on-month in seasonally-adjusted terms in July (June: -0.3% mom).
September 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) fell to a four-month low of 51.9 in August from July's 54.0.