Retail Sales in Brazil
Brazil - Retail Sales
Retail sales bounce back in January
Retail sales (excluding cars and construction) increased 0.4% from the previous month in seasonally-adjusted terms in January, notably contrasting December’s revised 2.1% contraction (previously reported: +2.2% month-on-month). December´s result had marked the largest drop in over two years. However, the result undershot market expectations of a stronger 0.6% increase.
The rebound was driven chiefly by a turnaround in sales of food, beverages and tobacco. In addition, sales of furniture and household appliances also increased, after contracting in December. Meanwhile, sales of fuels and lubricants lost steam from the previous month.
On an annual basis, retail sales rose 1.9% in January, notably above December’s revised 0.7% expansion (previously reported: +0.6% year-on-year). Annual average growth in retail sales, however, ticked down from 2.3% in December to 2.2% in January.
Brazil Retail Sales Forecast
Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to increase 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees retail sales growing 3.6%.
Brazil - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 4.3 | 2.2 | -4.4 | -6.3 | 2.1 |
Brazil Retail Sales Chart
Source: Brazil Institute of Geography and Statistics.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.72 | -0.82 % | Mar 20 |
| Exchange Rate | 3.78 | -0.13 % | Mar 20 |
| Stock Market | 98,041 | -0.40 % | Mar 20 |
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Economic News
Brazil: New COPOM keeps monetary policy unchanged
March 20, 2019
At its 19–20 March meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, COPOM) unanimously decided to hold the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March 2018.
Brazil: Economic activity contracts in January
March 18, 2019
In January, economic activity decreased 0.4% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
Brazil: Retail sales bounce back in January
March 15, 2019
Retail sales (excluding cars and construction) increased 0.4% from the previous month in seasonally-adjusted terms in January, notably contrasting December’s revised 2.1% contraction (previously reported: +2.2% month-on-month).
Brazil: Industrial production drops in January
March 13, 2019
Industrial production contracted in January, falling 0.8% month-on-month in seasonally-adjusted terms.
Brazil: Bolsonaro’s ambitious social-security reform bill likely to get diluted in Congress
March 12, 2019
Taking aim at the government’s strained finances, newly-elected President Jair Bolsonaro presented Congress with a comprehensive social-security reform bill on 20 February.
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