Retail Sales in Brazil decreased 1.2 percent year-on-year in March of 2020, after rising 4.7 percent in the previous month and compared with market expectations of a 6 percent decline. It was the first fall in retail trade in a year, amid business closures due to the coronavirus pandemic. Sales dropped for fabrics, clothing & footwear (-39.6 percent); other articles of personal and domestic use (-17.9 percent); fuels & lubricants (-11.2 percent); furniture & household appliances (-12.1 percent); office, computer and communication equipment and material (-23.2 percent); and books, newspapers, magazines and stationery (-32.9 percent). On the other hand, sales rose for food products, beverages and tobacco (11.1 percent) and pharmaceutical, medical, orthopedic, perfumery and cosmetics (12.1 percent).
Retail Sales YoY in Brazil averaged 3.54 percent from 2001 until 2020, 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. 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 June of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales YoY in Brazil is expected to be -2.70 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 1.70 in 12 months time. In the long-term, the Brazil Retail Sales YoY is projected to trend around 1.90 percent in 2021 and 2.30 percent in 2022, according to our econometric models.