Retail sales in Brazil went up 1.4% month-over-month in May of 2021, decelerating sharply from an upwardly revised 4.9% rise in April and below market expectations of a 2.4% increase. Sales advanced at a softer pace for furniture & household appliances (0.6% vs 19% in April); office, computer and communication equipment and material (3.3% vs 11.5%); books, newspapers, magazines and stationery (1.4% vs 8.5%) and other products for personal and domestic use (6.7% vs 22.5%). At the same time, sales decreased for pharmaceutical products and cosmetics (-1.4% vs 0.1%). On a yearly basis, retail sales grew 16%, boosted by base effects following the steep decline in May 2020 and broadly in line with market estimates of a 16.5% rise. Considering the first five months of 2021, retail trade grew 6.8% over a year ago. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil averaged 0.29 percent from 2000 until 2021, reaching an all time high of 13.90 percent in May of 2020 and a record low of -18.80 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 July of 2021.
Retail Sales MoM in Brazil is expected to be 0.40 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 0.60 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.