Brazil's retail trade increased 3.4 percent over a month earlier in August 2020, following a downwardly revised 5 percent rise in the previous month and beating market expectations of a 3.1 percent gain, amid the ongoing easing of coronavirus lockdown restrictions. Sales went up for fabrics, clothing & footwear (30.5 percent); other articles for personal & domestic use (10.4 percent); furniture & household appliances (4.6 percent); office, computer & communication equipment and supplies (1.5 percent) and fuels & lubricants (1.3 percent). In contrast, sales fell for pharmaceutical, medical, orthopedic, perfumery & cosmetics articles (-1.2 percent); hypermarkets, supermarkets, food products, beverages & tobacco (-2.2%) and books, newspapers, magazines & stationery (-24.7 percent). Year-on-year, retail trade advanced 6.1 percent, after a 5.5 percent increase in the prior month. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil averaged 0.32 percent from 2000 until 2020, reaching an all time high of 12.70 percent in May of 2020 and a record low of -16.70 percent in April of 2020. This page provides - Brazil Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Retail Sales MoM in Brazil is expected to be 0.70 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 0.40 in 12 months time. In the long-term, the Brazil Retail Sales MoM is projected to trend around 1.00 percent in 2021 and 1.10 percent in 2022, according to our econometric models.