Retail Sales in Brazil
Brazil - Retail Sales
Retail sales dip in August
Retail sales decreased 3.1% in month-on-month seasonally-adjusted terms in August, contrasting July’s 2.7% increase. The contraction reflected a broad-based downturn across the major sectors, with supermarkets, food, drinks and tobacco, other articles for household and personal use, and fuels and lubricants all declining in August.
On an annual basis, retail sales contracted 4.1% in August, contrasting the 5.7% growth clocked in July and marking the first decline since February. As a result, annual average retail sales growth dropped to 5.0% in August from 5.9% in July, signaling a reversal of the uptrend in the retail trade sector that had been observed over the past six months.
LatinFocus Consensus Forecast panelists expect retail sales to grow 2.9% in 2021, which is down 0.1 percentage points from last month’s forecast, and 2.5% in 2022.
Brazil - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | -4.2 | -6.6 | 2.5 | 2.3 | 1.8 |
Brazil Retail Sales Chart
Source: Brazil Institute of Geography and Statistics.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.79 | -0.82 % | Dec 31 |
| Exchange Rate | 4.02 | -0.13 % | Jan 01 |
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Economic News
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Brazil: Decline in industrial output softens in September
November 4, 2021
Industrial output decreased 0.4% month-on-month in seasonally-adjusted terms in September (August: -0.7% mom).
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Brazil: Manufacturing PMI falls to 16-month low in October
November 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 51.7 in October, down from 54.4 in September and hitting its lowest level since June 2020.
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Brazil: COPOM hikes rates for sixth consecutive meeting in October
October 27, 2021
At its 26–27 October meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB) unanimously decided to raise the benchmark SELIC interest rate by 150 basis points to 7.75%—as widely expected by market analysts—which marked the sixth consecutive hike.
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Brazil: Consumer sentiment improves in October, remains pessimistic
October 25, 2021
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation rose to 76.3 in October, following September’s 75.3 reading.
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Brazil: Industrial business confidence falls for third month running in October
October 23, 2021
The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 105.2 in October, down from 106.4 in September.
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