Retail sales in Brazil shrank 6.1% month-over-month in December of 2020, following a 0.1% fall in November and much worse than market forecasts of a 0.5% decline. It is the biggest decline since a record 16.6% slump in April, mainly due to lower sales of articles for personal and domestic use (-13.8%); clothing and footwear (-13.3%); office, computer, communication equipment and material (-6.8%); furniture and household appliances (-3.7%); books, newspapers, magazines and stationery (-2.7%); pharmaceutical, medical, orthopedic, perfumery and cosmetic articles (-1.6%); fuels and lubricants (-1.5%); and food products, beverages and tobacco (-0.3%). Year-on-year, retail sales increased 1.2%, rising for the 7th consecutive month. Considering full 2020, retail sales grew 1.2%, below 1.8% in 2019. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil averaged 0.28 percent from 2000 until 2020, reaching an all time high of 12 percent in May of 2020 and a record low of -16.60 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 March of 2021.
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 0.40 in 12 months time. In the long-term, the Brazil Retail Sales MoM is projected to trend around 1.10 percent in 2022, according to our econometric models.