Retail Sales in Brazil increased 2.9 percent year-on-year in November 2019, easing from an upwardly revised 4.3 percent gain in the previous month and missing market expectations of a 3.8 percent rise. Retail Sales YoY in Brazil averaged 3.57 percent from 2001 until 2019, reaching an all time high of 15.70 percent in March of 2010 and a record low of -11.40 percent in March of 2003. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales YoY in Brazil is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Brazil to stand at 2.10 in 12 months time. In the long-term, the Brazil Retail Sales YoY is projected to trend around 2.30 percent in 2020, according to our econometric models.