Retail sales in Brazil rose 1.8% month-over-month in April of 2021, reversing an upwardly revised 1.1% fall in March and easily beating market expectations of a 0.1% gain. It was the first increase in retail activity since last October and also the fastest for an April month since 2000. Sales grew in seven out of eight categories, in particular furniture and household appliances (24.8%); textiles, clothing & footwear (13.8%) and office, computer and communication equipment and material (10.2%). On a yearly basis, retail sales grew at a record 23.8%, above market estimates of a 19.8% jump, mainly due to a low base year effect linked to the beginning of the Covid-19 crisis but also owing to revived government cash transfers. Year-to-date, retail sales advanced 4.7% compared to the same period a year ago. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil averaged 0.29 percent from 2000 until 2021, reaching an all time high of 13.90 percent in May of 2020 and a record low of -18.80 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 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.