Retail sales in Brazil declined 0.3% in JulyStaff Writer | September 15, 2016
Retail sales in Brazil, excluding cars and construction, fell back to contraction in July, declining 0.3% over the previous month in seasonally-adjusted terms.
LatAm On an annual basis, retail sales fell 5.3% in Brazil
On an annual basis, retail sales fell 5.3% in July, which was a steeper fall than June’s 4.8% contraction. The trend continued to point down as annual average variation in retail sales inched down from minus 6.6% to minus 6.8%.
Panelists participating in this month’s LatinFocus Consensus Forecast expect retail sales to contract 4.8% in 2016, which is down 0.5 percentage points from last month’s forecast. For 2017, the panel sees retail sales growing 0.8%. ■