Retail Sales in Brazil
Brazil - Retail Sales
Retail sales growth loses pace in March
Retail sales increased 1.0% month-on-month in seasonally-adjusted terms in March (February: +1.3% mom). The reading was largely driven by a deterioration in supermarkets, food, drinks and tobacco sales. Further, textiles, clothing and footwear sales moderated, while furniture and appliances sales lost pace. In contrast, other articles for household and personal use sales gained steam.
On an annual basis, retail sales rose 4.0% in March, notably above February’s 1.3% expansion and marking the best result since July 2021. Accordingly, the trend improved modestly, with the annual average growth of retail sales coming in at 1.9%, up from February's 1.7%.
LatinFocus Consensus Forecast panelists expect retail sales to grow 0.8% in 2022, which is down 0.3 percentage points from last month’s forecast, and 2.6% in 2023.
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: Retail sales growth loses pace in March
May 10, 2022
Retail sales increased 1.0% month-on-month in seasonally-adjusted terms in March (February: +1.3% mom).
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Brazil: COPOM hikes rates for tenth consecutive time in May; brings SELIC rate to early 2017 levels
May 4, 2022
At its 3–4 May meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB) unanimously decided to raise the benchmark SELIC interest rate by a further 100 basis points—as was largely expected by markets—bringing it to 12.75%.
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Brazil: Industrial output growth deteriorates in March
May 3, 2022
Industrial production increased 0.3% month-on-month in seasonally-adjusted terms in March (February: +0.7% s.a.
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Brazil: Manufacturing PMI eases in April; conditions still improve
May 2, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 51.8 in April, down from March's 52.3.
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Brazil: Economic activity bounces back in February
May 2, 2022
Economic activity increased 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.7% decrease.
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