Retail sales in Brazil went up by 0.8% over a month earlier in March 2023, after a revised flat reading in the prior month and against market expectations of a 0.8% decrease. The biggest increases in sales were recorded for office, IT & communication equipment (+7.7%); pharmaceutical, medical, orthopedic and perfumery articles (+0.7%) and furniture and household appliances (+0.3%). Conversely, 4 out of 8 retail trade activities had negative rates: textiles, clothing and footwear (-4.5%); other articles for personal and domestic use (-2.2%); books, newspapers, magazines and stationery (-0. 6%) and fuels and lubricants (-0.1%). Compared to the same month of 2022, retail sales in Brazil rose by 3.2% in March, the most in six months and better than market forecasts of a 0.1% fall. In the first quarter of the year, retail sales grew by 2.4% compared to the same period in 2022. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil averaged 0.27 percent from 2000 until 2023, reaching an all time high of 10.50 percent in May of 2020 and a record low of -15.60 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 June of 2023.
Retail Sales MoM in Brazil is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Retail Sales MoM is projected to trend around 1.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.