Retail sales in Brazil went up 0.6 percent from a month earlier in November 2019, following a 0.1 percent gain in the previous month. Sales rose further for pharmaceutical & cosmetics articles (4.1 percent vs 1.3 percent in October); and other personal & domestic goods (1 percent vs 0.3 percent). Also, sales of furniture & appliances increased 0.5 percent, after being unchanged in October mainly due to Black Friday discounts. Meanwhile, sales of office equipment, computer & communication advanced at a softer pace (2.8 percent vs 6 percent). Additionally, sales dropped for clothing & footwear (-0.2 percent vs 0.2 percent); fuels & lubricants (-0.3 percent vs 1.5 percent); and books, newspapers & stationery (-4.7 percent vs -1.1 percent). Also, sales of hypermarkets, supermarkets, food products & beverages continued to fall (vs -0.1 percent). On a yearly basis, retail trade increased 2.9 percent, easing from an upwardly revised 4.3 percent rise and below forecasts of 3.8 percent. Retail Sales MoM in Brazil averaged 0.29 percent from 2000 until 2019, reaching an all time high of 3.90 percent in January of 2017 and a record low of -2.70 percent in January of 2016. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Brazil to stand at 1.00 in 12 months time. In the long-term, the Brazil Retail Sales MoM is projected to trend around 1.00 percent in 2020, according to our econometric models.