Retail Sales in Brazil
Brazil - Retail Sales
Retail sales fall in December
Retail sales, excluding cars and construction, fell 0.1% over the prior month on a seasonally-adjusted basis in December, contrasting November’s revised 0.7% increase (previously reported: +0.6% month-on-month). The figure disappointed analysts’ expectations of a 0.2% rise and marked the poorest result in eight months.
December’s decline was driven by declining sales of food products, beverages and tobacco; pharmaceutical and medical goods; and clothing and footwear. Conversely, higher sales of furniture and household appliances, and books and other stationery goods offset the drop.
On an annual basis, retail sales growth eased to 2.7% in December from 3.1% in November. Meanwhile, annual average growth in retail sales increased to 1.9% in December from 1.6% in November.
Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.0% in 2020, which is up 0.2 percentage points from last month’s forecast. For 2021, the panel sees retail sales growing 3.0%.
Brazil - Retail Sales Data
|Retail Sales (annual variation in %)||2.2||-4.4||-6.3||2.1||2.3|
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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February 17, 2020
The Brazilian real continued its downward spiral in early February, hitting an all-time low of BRL 4.36 per USD on 12 February, marking an over 6.0% depreciation over the prior month.
February 14, 2020
Economic activity fell 0.3% in seasonally-adjusted month-on-month terms in December, following November’s revised 0.1% decrease (previously reported: +0.2% month-on-month) and missing expectations of a softer 0.2% drop.
February 12, 2020
Retail sales, excluding cars and construction, fell 0.1% over the prior month on a seasonally-adjusted basis in December, contrasting November’s revised 0.7% increase (previously reported: +0.6% month-on-month).
February 10, 2020
On 7 February, the Brazilian real fell to a fresh record low against the U.S. dollar, ending the day at 4.32 per USD, which marked a 6.2 depreciation over the same day in January.
February 10, 2020
Consumer prices increased 0.21% month-on-month in January, following December’s sharp 1.15% increase.