Retail Sales in Brazil rose 3.9 percent year-on-year in February 2019, following a 1.9 percent gain in the previous month and beating market expectations of a 0.8 percent increase. Retail Sales YoY in Brazil averaged 3.65 percent from 2001 until 2019, reaching an all time high of 15.70 percent in March of 2010 and a record low of -11.40 percent in March of 2003.
Retail Sales YoY in Brazil is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Brazil to stand at 2.20 in 12 months time. In the long-term, the Brazil Retail Sales YoY is projected to trend around 2.10 percent in 2020, according to our econometric models.