Retail sales in Brazil fell 0.6% month-over-month in March of 2021, reversing a downwardly revised 0.5% gain in February, amid a surge in coronavirus infections and deaths during the March month. Still, sales sank much less than market forecasts of a 7% plunge. Declines were seen for clothing and footwear (-41.5%); furniture and household appliances (-22%); books, newspapers, magazines and stationery (-19.1%); fuels and lubricants (-5.3%); office, computer and communication equipment and material (-4.5%); and pharmaceutical, medical, orthopedic, perfumery and cosmetic articles (-0.1%). In contrast, sales at hypermarkets, supermarkets, food products, beverages and tobacco recorded a 3.3% rise. On a yearly basis, retail sales were up 2.4 percent source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil averaged 0.28 percent from 2000 until 2021, reaching an all time high of 13.30 percent in May of 2020 and a record low of -17.10 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 May of 2021.
Retail Sales MoM in Brazil is expected to be 0.80 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 -0.10 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.