Brazil's retail sales shrank 3.1 percent from a month earlier in August of 2021, and missed market expectations of a 0.7 percent increase. It was the highest decline since the 6.1 percent drop in December of 2020, as six out of eight activities have shown a decrease in the month. The mainly negative contribution came from articles of personal & domestic use (-10 percent), followed by office, computer & communication equipment (-4.7 percent), fuels & lubricants (-2.4 percent), furniture & household appliances (-1.3 percent), books, newspapers, magazines & stationery (-1 percent), and hypermarkets, supermarkets, food products, beverages & tobacco (-0.9 percent). Meanwhile, trade rose for clothing & footwear (1.1 percent), and pharmaceutical, medical, orthopedic articles, perfumery & cosmetics (0.2 percent). On a yearly basis, retail sales decreased 4.1 percent in August, well below market expectations of 2.0 percent growth, and the first negative read since February of 2021. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales YoY in Brazil averaged 3.51 percent from 2001 until 2021, reaching an all time high of 23.70 percent in April of 2021 and a record low of -17.10 percent in April of 2020. This page provides - Brazil Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Retail Sales YoY in Brazil is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Retail Sales YoY is projected to trend around 1.90 percent in 2022 and 2.30 percent in 2023, according to our econometric models.