Brazil's retail trade dropped 2.5 percent over a month earlier in March 2020, after rising a downwardly revised 0.5 percent gain in the previous month and compared with market expectations of a 7.7 percent decline. It was the biggest fall in retail trade since December 2018, amid business closures due to the coronavirus pandemic. Sales fell for fabrics, clothing & footwear (-42.2 percent); books, newspapers, magazines & stationery (-36.1 percent); other articles for personal and domestic use (-27.4 percent); furniture & household appliances (-25.9 percent); office, computer and communication equipment and material (-14.2 percent); and fuels & lubricants (-12.5 percent). Meanwhile, sales rose for food products, beverages & tobacco (14.6 percent); and pharmaceutical, medical, perfumery & cosmetics articles (1.3 percent). Year-on-year, retail trade went down 1.2 percent, following a 4.7 percent rise in the prior month. Considering the first quarter of 2020, retail sales fell 1.1 percent.
Retail Sales MoM in Brazil averaged 0.27 percent from 2000 until 2020, reaching an all time high of 4 percent in January of 2017 and a record low of -2.70 percent in March of 2003. 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 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil is expected to be -2.00 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 0.50 in 12 months time. In the long-term, the Brazil Retail Sales MoM is projected to trend around 1.00 percent in 2021 and 1.10 percent in 2022, according to our econometric models.